iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY – Get Free Report) shares hit a new 52-week low on Tuesday. The company traded as low as $35.82 and last traded at $35.86, with a volume of 25347609 shares changing hands. The stock had previously closed at $36.03.
iShares Broad USD High Yield Corporate Bond ETF Stock Performance
The company has a market cap of $22.47 billion, a PE ratio of 10.79 and a beta of 0.41. The stock has a 50 day moving average of $36.59 and a 200-day moving average of $36.82.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the first quarter worth about $25,000. Anchor Investment Management LLC raised its position in iShares Broad USD High Yield Corporate Bond ETF by 80.2% during the 1st quarter. Anchor Investment Management LLC now owns 809 shares of the company’s stock worth $30,000 after buying an additional 360 shares during the last quarter. Strive Financial Group LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter valued at approximately $49,000. Continuum Advisory LLC purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the second quarter worth $79,000. Finally, Essential Partners LLC lifted its position in iShares Broad USD High Yield Corporate Bond ETF by 549.5% during the first quarter. Essential Partners LLC now owns 4,254 shares of the company’s stock valued at $157,000 after purchasing an additional 3,599 shares during the period.
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.
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