First Command Advisory Services Inc. Increases Position in iShares Broad USD High Yield Corporate Bond ETF $USHY

First Command Advisory Services Inc. lifted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 16.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 582,514 shares of the company’s stock after acquiring an additional 84,002 shares during the quarter. First Command Advisory Services Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $22,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of USHY. Twin Peaks Wealth Advisors LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF in the 2nd quarter valued at $28,000. Richardson Capital Management LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at about $32,000. Farmers & Merchants Investments Inc. grew its position in iShares Broad USD High Yield Corporate Bond ETF by 78.4% during the third quarter. Farmers & Merchants Investments Inc. now owns 883 shares of the company’s stock valued at $33,000 after buying an additional 388 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF during the third quarter worth about $35,000. Finally, Trust Co. of Toledo NA OH bought a new stake in iShares Broad USD High Yield Corporate Bond ETF in the second quarter worth about $41,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Up 2.4%

USHY opened at $37.66 on Tuesday. iShares Broad USD High Yield Corporate Bond ETF has a twelve month low of $34.90 and a twelve month high of $37.72. The company’s 50-day moving average price is $37.47 and its two-hundred day moving average price is $37.48. The stock has a market cap of $23.69 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41.

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.