Rebalance LLC Acquires 42,934 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Rebalance LLC grew its holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,650,037 shares of the company’s stock after buying an additional 42,934 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF makes up 4.5% of Rebalance LLC’s holdings, making the stock its 8th biggest holding. Rebalance LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $60,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd grew its stake in iShares Broad USD High Yield Corporate Bond ETF by 10.7% during the 3rd quarter. Covestor Ltd now owns 8,247 shares of the company’s stock valued at $311,000 after acquiring an additional 800 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth approximately $49,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the third quarter valued at approximately $213,000. Prime Capital Investment Advisors LLC increased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 4.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 980,014 shares of the company’s stock valued at $36,898,000 after purchasing an additional 37,728 shares during the last quarter. Finally, Diversified Portfolios Inc. lifted its position in iShares Broad USD High Yield Corporate Bond ETF by 4.5% during the third quarter. Diversified Portfolios Inc. now owns 7,795 shares of the company’s stock worth $293,000 after buying an additional 334 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

BATS USHY opened at $37.08 on Monday. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 16.47 and a beta of 0.46. The stock’s fifty day moving average is $37.12 and its two-hundred day moving average is $37.20.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.2103 dividend. The ex-dividend date was Monday, March 3rd.

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.