Douglass Winthrop Advisors LLC Takes Position in iShares Broad USD High Yield Corporate Bond ETF $USHY

Douglass Winthrop Advisors LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,648 shares of the company’s stock, valued at approximately $516,000.

A number of other hedge funds also recently added to or reduced their stakes in USHY. Farmers & Merchants Investments Inc. increased its stake in iShares Broad USD High Yield Corporate Bond ETF by 78.4% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 883 shares of the company’s stock valued at $33,000 after buying an additional 388 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in iShares Broad USD High Yield Corporate Bond ETF during the second quarter worth about $28,000. Richardson Capital Management LLC purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $32,000. Titleist Asset Management LLC boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 2.1% during the third quarter. Titleist Asset Management LLC now owns 41,531 shares of the company’s stock valued at $1,569,000 after acquiring an additional 853 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 8.3% during the 3rd quarter. Covestor Ltd now owns 11,454 shares of the company’s stock worth $433,000 after purchasing an additional 873 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

USHY stock opened at $36.75 on Friday. The stock has a market capitalization of $23.12 billion, a P/E ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $34.90 and a one year high of $37.87. The company has a 50 day moving average price of $37.44 and a two-hundred day moving average price of $37.49.

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.