L & S Advisors Inc Lowers Position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

L & S Advisors Inc lowered its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 18.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,737 shares of the company’s stock after selling 2,497 shares during the quarter. L & S Advisors Inc’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $395,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in iShares Broad USD High Yield Corporate Bond ETF by 304.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,967,523 shares of the company’s stock valued at $2,408,377,000 after purchasing an additional 95,267,754 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 7.2% during the 4th quarter. Jones Financial Companies Lllp now owns 19,425,031 shares of the company’s stock valued at $714,647,000 after purchasing an additional 1,302,847 shares during the period. Sumitomo Life Insurance Co. grew its position in iShares Broad USD High Yield Corporate Bond ETF by 1,026.9% in the fourth quarter. Sumitomo Life Insurance Co. now owns 724,600 shares of the company’s stock worth $26,658,000 after buying an additional 660,300 shares during the last quarter. Ethos Financial Group LLC raised its holdings in iShares Broad USD High Yield Corporate Bond ETF by 1,353.0% during the 4th quarter. Ethos Financial Group LLC now owns 264,068 shares of the company’s stock worth $9,715,000 after buying an additional 245,894 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in iShares Broad USD High Yield Corporate Bond ETF by 7.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,738,878 shares of the company’s stock valued at $63,973,000 after purchasing an additional 114,005 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

iShares Broad USD High Yield Corporate Bond ETF stock opened at $36.78 on Monday. The firm has a market cap of $19.82 billion, a PE ratio of 10.80 and a beta of 0.47. iShares Broad USD High Yield Corporate Bond ETF has a twelve month low of $35.55 and a twelve month high of $37.72. The firm’s 50 day moving average price is $37.13 and its two-hundred day moving average price is $37.17.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.2103 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.