First Command Advisory Services Inc. Has $18.70 Million Stock Holdings in iShares Broad USD High Yield Corporate Bond ETF $USHY

First Command Advisory Services Inc. lifted its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 15.4% in the second quarter, HoldingsChannel.com reports. The firm owned 498,512 shares of the company’s stock after purchasing an additional 66,505 shares during the quarter. First Command Advisory Services Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $18,699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of USHY. Golden State Wealth Management LLC increased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 152.7% in the first quarter. Golden State Wealth Management LLC now owns 920 shares of the company’s stock valued at $34,000 after purchasing an additional 556 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the first quarter valued at approximately $37,000. Trust Co. of Toledo NA OH acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the second quarter valued at approximately $41,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the first quarter valued at approximately $71,000. Finally, Olistico Wealth LLC increased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 43.9% in the first quarter. Olistico Wealth LLC now owns 1,963 shares of the company’s stock valued at $72,000 after purchasing an additional 599 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 2.6%

Shares of BATS:USHY opened at $37.71 on Monday. The stock has a market capitalization of $23.72 billion, a P/E 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 business has a 50-day moving average price of $37.59 and a two-hundred day moving average price of $37.18.

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.