Manning & Napier Advisors LLC Sells 1,075,305 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Manning & Napier Advisors LLC lessened its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 91.1% in the fourth quarter, Holdings Channel reports. The fund owned 105,184 shares of the company’s stock after selling 1,075,305 shares during the quarter. Manning & Napier Advisors LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $3,870,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of USHY. Fortitude Family Office LLC purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the third quarter valued at about $27,000. First Financial Corp IN purchased a new position in iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $44,000. Pinnacle Bancorp Inc. boosted its stake in iShares Broad USD High Yield Corporate Bond ETF by 429.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,238 shares of the company’s stock worth $47,000 after purchasing an additional 1,004 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at approximately $49,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the third quarter worth $74,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 1.5 %

Shares of BATS:USHY opened at $37.31 on Thursday. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 17.02 and a beta of 0.34. The stock’s fifty day moving average is $37.09 and its two-hundred day moving average is $37.11.

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.