Bank of New York Mellon Corp Decreases Stock Position in iShares Broad USD High Yield Corporate Bond ETF $USHY

Bank of New York Mellon Corp trimmed its holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 23.9% during the first quarter, Holdings Channel.com reports. The fund owned 1,823,481 shares of the company’s stock after selling 572,670 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $67,177,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in iShares Broad USD High Yield Corporate Bond ETF by 56.0% during the 4th quarter. JPMorgan Chase & Co. now owns 11,904,449 shares of the company’s stock valued at $445,167,000 after acquiring an additional 4,272,229 shares in the last quarter. TIAA Trust National Association lifted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 4.3% in the fourth quarter. TIAA Trust National Association now owns 9,768,912 shares of the company’s stock valued at $365,532,000 after purchasing an additional 403,934 shares in the last quarter. Polianta Ltd purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter valued at about $182,375,000. One Capital Management LLC grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 11.1% in the fourth quarter. One Capital Management LLC now owns 2,341,985 shares of the company’s stock valued at $87,579,000 after purchasing an additional 234,803 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 5,219.9% in the first quarter. Venturi Wealth Management LLC now owns 1,316,148 shares of the company’s stock valued at $48,487,000 after purchasing an additional 1,291,408 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of USHY opened at $36.80 on Thursday. The firm has a 50 day simple moving average of $36.93 and a 200-day simple moving average of $37.12. 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 stock has a market cap of $23.15 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.