iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Position Reduced by Sunbelt Securities Inc.

Sunbelt Securities Inc. reduced its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 27.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,238 shares of the company’s stock after selling 479 shares during the quarter. Sunbelt Securities Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $45,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Grey Fox Wealth Advisors LLC boosted its position in iShares Broad USD High Yield Corporate Bond ETF by 24.8% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 101,752 shares of the company’s stock worth $3,723,000 after acquiring an additional 20,236 shares during the period. Strategic Advocates LLC grew its position in iShares Broad USD High Yield Corporate Bond ETF by 4.1% during the first quarter. Strategic Advocates LLC now owns 25,226 shares of the company’s stock valued at $923,000 after purchasing an additional 985 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at approximately $77,000. Fisher Asset Management LLC lifted its position in iShares Broad USD High Yield Corporate Bond ETF by 5.5% in the 4th quarter. Fisher Asset Management LLC now owns 27,257,262 shares of the company’s stock worth $990,802,000 after buying an additional 1,414,856 shares in the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter valued at $385,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

iShares Broad USD High Yield Corporate Bond ETF stock opened at $36.28 on Monday. The firm’s 50 day moving average is $36.22 and its two-hundred day moving average is $36.26. The stock has a market cap of $11.11 billion, a PE ratio of 17.02 and a beta of 0.34.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be given a $0.2078 dividend. This is a positive change from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date of this dividend is Monday, July 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.