FDx Advisors Inc. Makes New Investment in iShares Broad USD High Yield Corporate Bond ETF $USHY

FDx Advisors Inc. purchased a new position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) in the second quarter, Holdings Channel reports. The institutional investor purchased 39,889 shares of the company’s stock, valued at approximately $1,496,000.

Several other hedge funds also recently made changes to their positions in USHY. Grey Fox Wealth Advisors LLC lifted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 3.3% during the 2nd quarter. Grey Fox Wealth Advisors LLC now owns 167,793 shares of the company’s stock worth $6,294,000 after purchasing an additional 5,382 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 135.2% in the second quarter. First Horizon Advisors Inc. now owns 20,132 shares of the company’s stock worth $755,000 after buying an additional 11,571 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 50.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 6,303 shares of the company’s stock valued at $236,000 after acquiring an additional 2,112 shares during the period. Bank of New York Mellon Corp grew its stake in iShares Broad USD High Yield Corporate Bond ETF by 18.7% during the second quarter. Bank of New York Mellon Corp now owns 2,185,643 shares of the company’s stock valued at $81,983,000 after acquiring an additional 344,651 shares in the last quarter. Finally, TIAA Trust National Association increased its holdings in iShares Broad USD High Yield Corporate Bond ETF by 112.2% during the 2nd quarter. TIAA Trust National Association now owns 8,868,136 shares of the company’s stock worth $331,994,000 after acquiring an additional 4,689,028 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of BATS:USHY opened at $37.31 on Friday. The firm has a fifty day moving average price of $37.58 and a two-hundred day moving average price of $37.28. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $34.90 and a one year high of $37.72. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41.

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.