iShares Broad USD High Yield Corporate Bond ETF $USHY Stake Decreased by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC trimmed its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 60.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,782 shares of the company’s stock after selling 60,358 shares during the quarter. Collaborative Fund Advisors LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $1,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the first quarter valued at approximately $25,000. Anchor Investment Management LLC increased its holdings in iShares Broad USD High Yield Corporate Bond ETF by 80.2% during the 1st quarter. Anchor Investment Management LLC now owns 809 shares of the company’s stock worth $30,000 after acquiring an additional 360 shares during the period. Strive Financial Group LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter worth approximately $49,000. Continuum Advisory LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter worth approximately $79,000. Finally, Essential Partners LLC lifted its stake in iShares Broad USD High Yield Corporate Bond ETF by 549.5% in the 1st quarter. Essential Partners LLC now owns 4,254 shares of the company’s stock worth $157,000 after purchasing an additional 3,599 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

BATS USHY opened at $35.78 on Thursday. The company’s 50 day simple moving average is $36.01 and its two-hundred day simple moving average is $36.78. iShares Broad USD High Yield Corporate Bond ETF has a 1 year low of $35.30 and a 1 year high of $37.69. The stock has a market capitalization of $22.51 billion, a PE ratio of 10.79 and a beta of 0.41.

About iShares Broad USD High Yield Corporate Bond ETF

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.