Q3 Asset Management Makes New $2.38 Million Investment in iShares Broad USD High Yield Corporate Bond ETF $USHY

Q3 Asset Management purchased a new position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,055 shares of the company’s stock, valued at approximately $2,382,000. iShares Broad USD High Yield Corporate Bond ETF accounts for 0.8% of Q3 Asset Management’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in iShares Broad USD High Yield Corporate Bond ETF in the 2nd quarter worth $468,000. Farther Finance Advisors LLC boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 7.1% in the second quarter. Farther Finance Advisors LLC now owns 9,983 shares of the company’s stock worth $374,000 after acquiring an additional 665 shares during the period. AdvisorNet Financial Inc grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 20.1% during the second quarter. AdvisorNet Financial Inc now owns 2,868 shares of the company’s stock worth $108,000 after purchasing an additional 480 shares in the last quarter. Rebalance LLC raised its stake in iShares Broad USD High Yield Corporate Bond ETF by 0.7% during the 2nd quarter. Rebalance LLC now owns 1,711,264 shares of the company’s stock valued at $64,190,000 after purchasing an additional 12,435 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in iShares Broad USD High Yield Corporate Bond ETF in the 2nd quarter worth approximately $21,464,000.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of USHY opened at $37.59 on Wednesday. The firm has a market cap of $23.65 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 $34.90 and a 1 year high of $37.72. The company has a 50 day simple moving average of $37.41 and a two-hundred day simple moving average of $37.46.

iShares Broad USD High Yield Corporate Bond ETF 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.