SVB Wealth LLC Purchases 1,419 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

SVB Wealth LLC lifted its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,252 shares of the company’s stock after buying an additional 1,419 shares during the period. SVB Wealth LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $264,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Farmers & Merchants Investments Inc. bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $31,000. Winch Advisory Services LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $36,000. Kozak & Associates Inc. bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $38,000. Tennessee Valley Asset Management Partners bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at about $45,000. Finally, ORG Partners LLC grew its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 13.2% in the 4th quarter. ORG Partners LLC now owns 2,531 shares of the company’s stock valued at $92,000 after acquiring an additional 295 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of BATS USHY opened at $35.93 on Tuesday. The company has a market cap of $11.40 billion, a PE ratio of 17.08 and a beta of 0.33. The firm has a fifty day moving average of $36.23 and a 200-day moving average of $35.79.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.2268 dividend. This is an increase from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Monday, April 1st.

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.