Covestor Ltd Buys 392 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Covestor Ltd increased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,639 shares of the company’s stock after purchasing an additional 392 shares during the period. Covestor Ltd’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of USHY. Captrust Financial Advisors bought a new position in iShares Broad USD High Yield Corporate Bond ETF in the third quarter worth approximately $400,000. Continuum Advisory LLC raised its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 11.4% in the 3rd quarter. Continuum Advisory LLC now owns 8,401 shares of the company’s stock worth $312,000 after acquiring an additional 863 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in iShares Broad USD High Yield Corporate Bond ETF by 833.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 33,233 shares of the company’s stock valued at $1,251,000 after purchasing an additional 29,673 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter worth $74,000. Finally, American Trust grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 35.2% during the third quarter. American Trust now owns 246,199 shares of the company’s stock valued at $9,269,000 after purchasing an additional 64,045 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of BATS:USHY traded down $0.95 during trading hours on Thursday, hitting $35.82. 11,226,950 shares of the company’s stock traded hands, compared to its average volume of 11,065,983. The firm has a market capitalization of $19.50 billion, a P/E ratio of 10.80 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a 1 year low of $34.90 and a 1 year high of $37.72. The business has a fifty day moving average price of $36.88 and a 200-day moving average price of $37.08.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.2103 per share. The ex-dividend date was Monday, March 3rd.

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.