Baird Financial Group Inc. Acquires 1,449 Shares of iShares Broad USD High Yield Corporate Bond ETF $USHY

Baird Financial Group Inc. increased its holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,427 shares of the company’s stock after purchasing an additional 1,449 shares during the period. Baird Financial Group Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $10,028,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 109.4% in the first quarter. JPMorgan Chase & Co. now owns 8,187,111 shares of the company’s stock worth $301,368,000 after purchasing an additional 4,277,291 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 1,840,992 shares of the company’s stock worth $67,767,000 after purchasing an additional 102,114 shares in the last quarter. Rebalance LLC boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 3.0% in the first quarter. Rebalance LLC now owns 1,698,829 shares of the company’s stock worth $62,534,000 after purchasing an additional 48,792 shares in the last quarter. Partners Capital Investment Group LLP boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 44.5% in the first quarter. Partners Capital Investment Group LLP now owns 1,228,973 shares of the company’s stock worth $45,239,000 after purchasing an additional 378,198 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF in the first quarter worth $29,203,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 1.6%

Shares of BATS:USHY opened at $37.36 on Wednesday. The stock has a market capitalization of $23.51 billion, a PE ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a 1 year low of $34.90 and a 1 year high of $37.72. The firm has a fifty day moving average price of $37.38 and a 200 day moving average price of $36.97.

About iShares Broad USD High Yield Corporate Bond ETF

The iShares Broad USD High Yield Corporate Bond ETF (USHY) is an exchange-traded fund that is based on the ICE BofA US High Yield Constrained index. The fund tracks a market value-weighted index of USD-denominated high yield corporate debt with broad maturities. USHY was launched on Oct 25, 2017 and is managed by BlackRock.