BNP Paribas Financial Markets Reduces Position in iShares Broad USD High Yield Corporate Bond ETF $USHY

BNP Paribas Financial Markets cut its stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 554,247 shares of the company’s stock after selling 105,227 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of iShares Broad USD High Yield Corporate Bond ETF worth $20,726,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. TIAA Trust National Association boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 5.6% in the third quarter. TIAA Trust National Association now owns 9,364,978 shares of the company’s stock valued at $353,931,000 after purchasing an additional 496,842 shares during the last quarter. Polianta Ltd purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter valued at $182,375,000. One Capital Management LLC boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 19.2% in the third quarter. One Capital Management LLC now owns 2,107,182 shares of the company’s stock valued at $79,609,000 after purchasing an additional 339,549 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 2.5% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,027,420 shares of the company’s stock valued at $38,420,000 after purchasing an additional 25,089 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 86.2% in the fourth quarter. Ninety One UK Ltd now owns 864,416 shares of the company’s stock valued at $32,325,000 after purchasing an additional 400,245 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

BATS:USHY opened at $36.78 on Friday. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $36.39 and a one year high of $37.87. The firm has a market cap of $23.14 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. The firm’s fifty day moving average is $37.00 and its two-hundred day moving average is $37.23.

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.