Diversified Portfolios Inc. Grows Stock Position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Diversified Portfolios Inc. raised its holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 4.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,795 shares of the company’s stock after acquiring an additional 334 shares during the period. Diversified Portfolios Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $293,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Prime Capital Investment Advisors LLC increased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 980,014 shares of the company’s stock worth $36,898,000 after buying an additional 37,728 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $213,000. Transcendent Capital Group LLC purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth about $49,000. Covestor Ltd raised its holdings in iShares Broad USD High Yield Corporate Bond ETF by 10.7% in the third quarter. Covestor Ltd now owns 8,247 shares of the company’s stock valued at $311,000 after buying an additional 800 shares during the period. Finally, United Advisor Group LLC acquired a new position in iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at approximately $231,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Down 0.3 %

iShares Broad USD High Yield Corporate Bond ETF stock opened at $37.14 on Friday. The stock has a 50-day simple moving average of $37.31 and a two-hundred day simple moving average of $36.79. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 17.02 and a beta of 0.34.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.2069 dividend. The ex-dividend date of this dividend was Tuesday, September 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.