Fifth Third Securities Inc. Has $2.85 Million Holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Fifth Third Securities Inc. boosted its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 29.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 77,837 shares of the company’s stock after purchasing an additional 17,518 shares during the period. Fifth Third Securities Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $2,848,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Private Ocean LLC purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF during the first quarter worth about $128,000. Vicus Capital raised its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 27.0% in the 1st quarter. Vicus Capital now owns 52,928 shares of the company’s stock worth $1,937,000 after purchasing an additional 11,256 shares during the period. Financial Management Professionals Inc. lifted its stake in iShares Broad USD High Yield Corporate Bond ETF by 1,973.1% in the first quarter. Financial Management Professionals Inc. now owns 2,239 shares of the company’s stock valued at $82,000 after purchasing an additional 2,131 shares during the last quarter. Grey Fox Wealth Advisors LLC grew its holdings in iShares Broad USD High Yield Corporate Bond ETF by 24.8% during the first quarter. Grey Fox Wealth Advisors LLC now owns 101,752 shares of the company’s stock valued at $3,723,000 after purchasing an additional 20,236 shares during the period. Finally, Strategic Advocates LLC increased its position in iShares Broad USD High Yield Corporate Bond ETF by 4.1% in the first quarter. Strategic Advocates LLC now owns 25,226 shares of the company’s stock worth $923,000 after buying an additional 985 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of BATS USHY opened at $36.06 on Tuesday. The stock has a market cap of $11.05 billion, a PE ratio of 17.02 and a beta of 0.34. The company’s 50 day moving average price is $36.22 and its two-hundred day moving average price is $36.26.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.2078 per share. The ex-dividend date of this dividend is Monday, July 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 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.