Xtrackers USD High Yield Corporate Bond ETF $HYLB is BTS Asset Management Inc.’s Largest Position

BTS Asset Management Inc. decreased its stake in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) by 8.4% in the third quarter, HoldingsChannel reports. The firm owned 754,425 shares of the company’s stock after selling 68,986 shares during the period. Xtrackers USD High Yield Corporate Bond ETF accounts for 35.9% of BTS Asset Management Inc.’s holdings, making the stock its biggest position. BTS Asset Management Inc.’s holdings in Xtrackers USD High Yield Corporate Bond ETF were worth $27,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of HYLB. Jones Financial Companies Lllp lifted its stake in Xtrackers USD High Yield Corporate Bond ETF by 26.0% during the third quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock valued at $132,000 after buying an additional 736 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF during the second quarter valued at approximately $594,000. Arkadios Wealth Advisors lifted its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 17.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 17,934 shares of the company’s stock valued at $666,000 after acquiring an additional 2,689 shares in the last quarter. Virtue Capital Management LLC purchased a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF in the 2nd quarter valued at approximately $865,000. Finally, Wiser Advisor Group LLC boosted its stake in Xtrackers USD High Yield Corporate Bond ETF by 2.3% in the 2nd quarter. Wiser Advisor Group LLC now owns 33,363 shares of the company’s stock worth $1,232,000 after purchasing an additional 740 shares during the period.

Xtrackers USD High Yield Corporate Bond ETF Trading Down 0.2%

NYSEARCA HYLB opened at $36.63 on Wednesday. The firm’s 50 day moving average price is $36.94 and its two-hundred day moving average price is $36.91. Xtrackers USD High Yield Corporate Bond ETF has a twelve month low of $34.40 and a twelve month high of $37.19.

Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be given a dividend of $0.1727 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, March 2nd.

About Xtrackers USD High Yield Corporate Bond ETF

The Xtrackers USD High Yield Corporate Bond ETF (HYLB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield corporate bonds with 1 to 15 years remaining to maturity. HYLB was launched on Dec 7, 2016 and is managed by Xtrackers.