Horizon Investments LLC Trims Stock Holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Horizon Investments LLC cut its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,679 shares of the company’s stock after selling 10,741 shares during the quarter. Horizon Investments LLC owned approximately 0.05% of iShares Broad USD High Yield Corporate Bond ETF worth $5,695,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. First Financial Corp IN bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter worth $44,000. Wintrust Investments LLC acquired a new position in iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter worth $67,000. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter worth about $74,000. BankPlus Trust Department acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at about $91,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 149.6% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,551 shares of the company’s stock worth $94,000 after purchasing an additional 1,529 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

BATS:USHY opened at $36.89 on Tuesday. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of 10.80 and a beta of 0.47. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $35.55 and a one year high of $37.72. The stock has a 50-day simple moving average of $37.12 and a 200 day simple moving average of $37.19.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

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