Kingswood Wealth Advisors LLC Reduces Holdings in iShares Broad USD High Yield Corporate Bond ETF $USHY

Kingswood Wealth Advisors LLC lessened its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,866 shares of the company’s stock after selling 486 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in USHY. GAMMA Investing LLC increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 3,580.9% in the first quarter. GAMMA Investing LLC now owns 3,460 shares of the company’s stock worth $127,000 after buying an additional 3,366 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 407.5% in the first quarter. Farther Finance Advisors LLC now owns 9,318 shares of the company’s stock worth $342,000 after buying an additional 7,482 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 64.3% in the first quarter. GPS Wealth Strategies Group LLC now owns 4,191 shares of the company’s stock worth $154,000 after buying an additional 1,640 shares during the last quarter. Rebalance LLC increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 3.0% in the first quarter. Rebalance LLC now owns 1,698,829 shares of the company’s stock worth $62,534,000 after buying an additional 48,792 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 91.6% in the first quarter. Janney Montgomery Scott LLC now owns 41,933 shares of the company’s stock worth $1,544,000 after buying an additional 20,047 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 1.1%

Shares of BATS:USHY opened at $37.18 on Friday. The company has a fifty day simple moving average of $37.55 and a 200 day simple moving average of $37.07. The firm has a market cap of $23.39 billion, a PE ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a 12-month low of $34.90 and a 12-month high of $37.72.

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.