Diversified Portfolios Inc. Has $233,000 Position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Diversified Portfolios Inc. cut its stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 18.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,321 shares of the company’s stock after selling 1,474 shares during the period. Diversified Portfolios Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $233,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in USHY. Winch Advisory Services LLC boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 11.5% during the 3rd quarter. Winch Advisory Services LLC now owns 24,804 shares of the company’s stock valued at $934,000 after buying an additional 2,550 shares during the period. Vicus Capital raised its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 13.6% during the third quarter. Vicus Capital now owns 67,064 shares of the company’s stock worth $2,525,000 after acquiring an additional 8,006 shares in the last quarter. Eastern Bank acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at $123,000. Rebalance LLC boosted its position in iShares Broad USD High Yield Corporate Bond ETF by 2.6% during the third quarter. Rebalance LLC now owns 1,607,103 shares of the company’s stock valued at $60,507,000 after purchasing an additional 41,041 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC grew its stake in iShares Broad USD High Yield Corporate Bond ETF by 30.4% in the third quarter. Grey Fox Wealth Advisors LLC now owns 143,820 shares of the company’s stock valued at $5,415,000 after purchasing an additional 33,509 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

USHY opened at $37.13 on Wednesday. The stock has a market cap of $11.37 billion, a P/E ratio of 17.02 and a beta of 0.34. The business’s fifty day moving average price is $37.06 and its 200-day moving average price is $37.14.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.2143 dividend. The ex-dividend date was Monday, February 3rd. This is an increase from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.21.

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.