L & S Advisors Inc Sells 5,038 Shares of iShares Broad USD High Yield Corporate Bond ETF $USHY

L & S Advisors Inc trimmed its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 31.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,893 shares of the company’s stock after selling 5,038 shares during the period. L & S Advisors Inc’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. TIAA Trust National Association grew its holdings in iShares Broad USD High Yield Corporate Bond ETF by 112.2% during the second quarter. TIAA Trust National Association now owns 8,868,136 shares of the company’s stock valued at $331,994,000 after purchasing an additional 4,689,028 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of 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 buying an additional 4,277,291 shares during the period. Venturi Wealth Management LLC increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 4,385.2% during the second quarter. Venturi Wealth Management LLC now owns 1,349,330 shares of the company’s stock worth $50,613,000 after acquiring an additional 1,319,246 shares during the period. OLD Mission Capital LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF in the first quarter valued at approximately $29,203,000. Finally, BTS Asset Management Inc. grew its stake in iShares Broad USD High Yield Corporate Bond ETF by 274.6% during the 2nd quarter. BTS Asset Management Inc. now owns 805,427 shares of the company’s stock valued at $30,212,000 after purchasing an additional 590,423 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Up 1.4%

Shares of USHY stock opened at $37.27 on Friday. The stock has a market cap of $23.45 billion, a PE ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a 52-week low of $34.90 and a 52-week high of $37.72. The business has a 50-day simple moving average of $37.57 and a 200-day simple moving average of $37.30.

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.