Bank of New York Mellon Corp Boosts Holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Bank of New York Mellon Corp raised its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,738,878 shares of the company’s stock after acquiring an additional 114,005 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.57% of iShares Broad USD High Yield Corporate Bond ETF worth $63,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Financial Corp IN bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter worth $44,000. Transcendent Capital Group LLC purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at about $49,000. Wilmington Savings Fund Society FSB bought a new position in iShares Broad USD High Yield Corporate Bond ETF during the third quarter worth about $74,000. BankPlus Trust Department purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter worth about $91,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 149.6% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,551 shares of the company’s stock valued at $94,000 after purchasing an additional 1,529 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Stock Up 1.0 %

Shares of USHY stock opened at $37.15 on Tuesday. The company’s 50 day simple moving average is $37.09 and its 200 day simple moving average is $37.20. The stock has a market cap of $18.59 billion, a PE ratio of 16.47 and a beta of 0.46.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a $0.2103 dividend. The ex-dividend date is Monday, March 3rd.

iShares Broad USD High Yield Corporate Bond ETF 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.