First Horizon Advisors Inc. Lowers Holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

First Horizon Advisors Inc. reduced its stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 39.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,411 shares of the company’s stock after selling 1,576 shares during the period. First Horizon Advisors Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $91,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Family Firm Inc. purchased a new position in iShares Broad USD High Yield Corporate Bond ETF during the second quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter worth $27,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 71.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 812 shares of the company’s stock valued at $29,000 after acquiring an additional 339 shares during the last quarter. GPS Wealth Strategies Group LLC grew its position in iShares Broad USD High Yield Corporate Bond ETF by 79.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 963 shares of the company’s stock valued at $35,000 after acquiring an additional 425 shares during the period. Finally, Pinnacle Bancorp Inc. increased its stake in iShares Broad USD High Yield Corporate Bond ETF by 429.1% during the third quarter. Pinnacle Bancorp Inc. now owns 1,238 shares of the company’s stock worth $47,000 after acquiring an additional 1,004 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Down 0.1 %

BATS USHY opened at $37.23 on Friday. The firm has a market cap of $11.40 billion, a price-to-earnings ratio of 17.02 and a beta of 0.34. The company has a fifty day moving average price of $37.31 and a 200-day moving average price of $36.84.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.2069 per share. The ex-dividend date was Tuesday, September 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.