27,517 Shares in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Purchased by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 27,517 shares of the company’s stock, valued at approximately $1,000,000.

Several other hedge funds and other institutional investors have also modified their holdings of USHY. TIAA Trust National Association bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth about $97,265,000. Allstate Investment Management Co. bought a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at about $59,668,000. Bank of New York Mellon Corp boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 1,606.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 893,687 shares of the company’s stock valued at $31,020,000 after purchasing an additional 841,307 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 300.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 829,900 shares of the company’s stock valued at $29,091,000 after purchasing an additional 622,900 shares during the period. Finally, Partners Capital Investment Group LLP boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 47.7% in the 1st quarter. Partners Capital Investment Group LLP now owns 1,399,084 shares of the company’s stock valued at $49,737,000 after purchasing an additional 452,105 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

BATS USHY traded up $0.05 during trading on Friday, reaching $35.74. The company’s stock had a trading volume of 10,805,266 shares. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 17.08 and a beta of 0.33. The company has a 50 day moving average of $36.24 and a 200 day moving average of $35.75.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

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

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.