iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 107.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,188,732 shares of the company’s stock after acquiring an additional 2,688,663 shares during the quarter. BNP Paribas Financial Markets’ holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $195,356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. increased its position in iShares Broad USD High Yield Corporate Bond ETF by 1,266.0% in the first quarter. Bessemer Group Inc. now owns 5,150 shares of the company’s stock worth $188,000 after buying an additional 4,773 shares during the period. Olistico Wealth LLC acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the second quarter valued at $61,000. Strategic Advocates LLC increased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 1.5% during the second quarter. Strategic Advocates LLC now owns 25,601 shares of the company’s stock valued at $929,000 after purchasing an additional 375 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the second quarter valued at $3,780,000. Finally, Rebalance LLC boosted its stake in iShares Broad USD High Yield Corporate Bond ETF by 16.5% during the second quarter. Rebalance LLC now owns 1,566,062 shares of the company’s stock valued at $56,817,000 after buying an additional 221,458 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 0.4 %

USHY stock traded up $0.15 during trading hours on Tuesday, hitting $37.38. 21,556,635 shares of the stock traded hands. The firm has a 50 day moving average of $37.31 and a 200-day moving average of $36.85. The firm has a market capitalization of $11.45 billion, a P/E ratio of 17.02 and a beta of 0.34.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.2069 per share. The ex-dividend date of this dividend was Tuesday, September 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.