Manning & Napier Advisors LLC Sells 1,075,305 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Manning & Napier Advisors LLC decreased its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 91.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,184 shares of the company’s stock after selling 1,075,305 shares during the quarter. Manning & Napier Advisors LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $3,870,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in USHY. L & S Advisors Inc increased its stake in iShares Broad USD High Yield Corporate Bond ETF by 2.6% during the 3rd quarter. L & S Advisors Inc now owns 13,234 shares of the company’s stock worth $498,000 after acquiring an additional 332 shares during the period. Diversified Portfolios Inc. increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 4.5% in the third quarter. Diversified Portfolios Inc. now owns 7,795 shares of the company’s stock valued at $293,000 after buying an additional 334 shares during the period. ORG Partners LLC grew its holdings in iShares Broad USD High Yield Corporate Bond ETF by 19.4% during the 4th quarter. ORG Partners LLC now owns 2,601 shares of the company’s stock worth $96,000 after acquiring an additional 423 shares during the last quarter. Fortitude Family Office LLC acquired a new position in iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $27,000. Finally, Covestor Ltd raised its holdings 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 worth $311,000 after purchasing an additional 800 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of BATS:USHY opened at $37.31 on Thursday. The company has a 50-day simple moving average of $37.09 and a 200-day simple moving average of $37.11. The firm has a market cap of $11.43 billion, a P/E ratio of 17.02 and a beta of 0.34.

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.