American Trust Lowers Stock Position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

American Trust lessened its stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 62.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,859 shares of the company’s stock after selling 145,734 shares during the quarter. American Trust’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $3,251,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 22,803.3% in the fourth quarter. Jones Financial Companies Lllp now owns 15,689,009 shares of the company’s stock valued at $570,295,000 after purchasing an additional 15,620,508 shares during the period. TIAA Trust National Association boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 81.5% in the first quarter. TIAA Trust National Association now owns 6,585,459 shares of the company’s stock valued at $240,962,000 after purchasing an additional 2,957,778 shares during the period. Fisher Asset Management LLC boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 5.7% in the fourth quarter. Fisher Asset Management LLC now owns 27,327,559 shares of the company’s stock valued at $993,357,000 after purchasing an additional 1,485,153 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 212.2% in the fourth quarter. BNP Paribas Financial Markets now owns 1,710,277 shares of the company’s stock valued at $62,169,000 after purchasing an additional 1,162,457 shares during the period. Finally, OLD Mission Capital LLC purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the first quarter valued at approximately $10,073,000.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of BATS USHY traded down $0.12 during midday trading on Friday, hitting $36.52. The company’s stock had a trading volume of 7,340,426 shares. The company’s 50-day moving average price is $36.42 and its two-hundred day moving average price is $36.30. The stock has a market capitalization of $11.19 billion, a price-to-earnings 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 was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a $0.2078 dividend. This is a boost from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date was Monday, July 1st.

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.