iShares Broad USD High Yield Corporate Bond ETF $USHY Position Lowered by Ninety One UK Ltd

Ninety One UK Ltd reduced its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 39.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,129,762 shares of the company’s stock after selling 737,745 shares during the period. Ninety One UK Ltd’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $40,355,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH raised its position in iShares Broad USD High Yield Corporate Bond ETF by 14.7% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 382,142 shares of the company’s stock worth $13,650,000 after acquiring an additional 48,900 shares during the period. CoreCap Advisors LLC grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 22.4% during the 3rd quarter. CoreCap Advisors LLC now owns 217,386 shares of the company’s stock valued at $7,765,000 after acquiring an additional 39,713 shares during the period. Atomic Invest LLC grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 338.1% during the 2nd quarter. Atomic Invest LLC now owns 63,925 shares of the company’s stock valued at $2,368,000 after acquiring an additional 49,333 shares during the period. Strive Financial Group LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter valued at approximately $49,000. Finally, Continuum Advisory LLC purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter worth approximately $79,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 0.4%

Shares of USHY stock traded up $0.12 during trading hours on Thursday, hitting $35.63. 8,621,827 shares of the company were exchanged, compared to its average volume of 13,789,973. The stock has a market capitalization of $22.42 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. The firm has a fifty day simple moving average of $36.36 and a 200 day simple moving average of $36.74. iShares Broad USD High Yield Corporate Bond ETF has a 52-week low of $35.30 and a 52-week high of $37.82.

iShares Broad USD High Yield Corporate Bond ETF Company 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.