iShares Broad USD High Yield Corporate Bond ETF $USHY Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 23,046.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,803 shares of the company’s stock after buying an additional 36,644 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $1,390,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in USHY. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the second quarter valued at approximately $28,000. Richardson Capital Management LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter valued at about $32,000. Farmers & Merchants Investments Inc. raised its position in iShares Broad USD High Yield Corporate Bond ETF by 78.4% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 883 shares of the company’s stock valued at $33,000 after buying an additional 388 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at approximately $35,000. Finally, Trust Co. of Toledo NA OH bought a new stake in iShares Broad USD High Yield Corporate Bond ETF in the second quarter valued at approximately $41,000.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

iShares Broad USD High Yield Corporate Bond ETF stock opened at $37.51 on Tuesday. The stock’s fifty day moving average price is $37.48 and its two-hundred day moving average price is $37.50. The firm has a market cap of $23.60 billion, a PE ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $34.90 and a one year high of $37.87.

iShares Broad USD High Yield Corporate Bond ETF Profile

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.