iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Shares Acquired by American Trust

American Trust increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 35.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 246,199 shares of the company’s stock after acquiring an additional 64,045 shares during the period. iShares Broad USD High Yield Corporate Bond ETF makes up about 0.8% of American Trust’s holdings, making the stock its 18th largest holding. American Trust’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $9,269,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in USHY. TIAA Trust National Association grew its holdings in iShares Broad USD High Yield Corporate Bond ETF by 166.8% in the 2nd quarter. TIAA Trust National Association now owns 17,569,430 shares of the company’s stock worth $638,196,000 after buying an additional 10,983,971 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 107.5% during the third quarter. BNP Paribas Financial Markets now owns 5,188,732 shares of the company’s stock valued at $195,356,000 after purchasing an additional 2,688,663 shares in the last quarter. Rebalance LLC raised its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 2.6% during the third quarter. Rebalance LLC now owns 1,607,103 shares of the company’s stock valued at $60,507,000 after purchasing an additional 41,041 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 36.6% in the second quarter. Bank of New York Mellon Corp now owns 1,492,763 shares of the company’s stock worth $54,157,000 after purchasing an additional 400,067 shares during the period. Finally, One Capital Management LLC increased its stake in iShares Broad USD High Yield Corporate Bond ETF by 48.9% during the 2nd quarter. One Capital Management LLC now owns 1,370,848 shares of the company’s stock valued at $49,734,000 after buying an additional 449,893 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

USHY stock opened at $37.28 on Friday. The stock’s 50 day moving average is $37.26 and its 200-day moving average is $36.95. The company has a market cap of $11.42 billion, a P/E ratio of 17.02 and a beta of 0.34.

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.