Allstate Corp Cuts Stock Holdings in iShares Broad USD High Yield Corporate Bond ETF $USHY

Allstate Corp decreased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 10.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,172,783 shares of the company’s stock after selling 130,000 shares during the period. iShares Broad USD High Yield Corporate Bond ETF comprises 0.6% of Allstate Corp’s portfolio, making the stock its 25th largest holding. Allstate Corp’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $43,856,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 335.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 614,001 shares of the company’s stock worth $23,011,000 after acquiring an additional 472,895 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 22.9% during the 2nd quarter. Captrust Financial Advisors now owns 12,133 shares of the company’s stock worth $455,000 after purchasing an additional 2,258 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth $35,000. Richardson Capital Management LLC purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth $32,000. Finally, First Command Advisory Services Inc. lifted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 16.9% during the 3rd quarter. First Command Advisory Services Inc. now owns 582,514 shares of the company’s stock worth $22,007,000 after purchasing an additional 84,002 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of BATS USHY opened at $36.99 on Tuesday. The stock has a market capitalization of $23.27 billion, a P/E ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a 1-year low of $36.39 and a 1-year high of $37.87. The business has a fifty day moving average price of $36.95 and a 200 day moving average price of $37.26.

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.