Avior Wealth Management LLC Has $439,000 Stock Position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Avior Wealth Management LLC increased its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,075 shares of the company’s stock after buying an additional 879 shares during the quarter. Avior Wealth Management LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in USHY. TIAA Trust National Association acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF in the third quarter valued at $97,265,000. Allstate Investment Management Co. bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at about $59,668,000. Bank of New York Mellon Corp grew its holdings in iShares Broad USD High Yield Corporate Bond ETF by 1,606.2% during the third quarter. Bank of New York Mellon Corp now owns 893,687 shares of the company’s stock worth $31,020,000 after purchasing an additional 841,307 shares during the period. Sumitomo Life Insurance Co. increased its position in iShares Broad USD High Yield Corporate Bond ETF by 300.9% during the third quarter. Sumitomo Life Insurance Co. now owns 829,900 shares of the company’s stock worth $29,091,000 after buying an additional 622,900 shares during the last quarter. Finally, Partners Capital Investment Group LLP raised its stake in iShares Broad USD High Yield Corporate Bond ETF by 47.7% in the first quarter. Partners Capital Investment Group LLP now owns 1,399,084 shares of the company’s stock valued at $49,737,000 after buying an additional 452,105 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of BATS USHY opened at $35.69 on Friday. The company has a market cap of $11.32 billion, a P/E ratio of 17.08 and a beta of 0.33. The business’s 50 day simple moving average is $36.25 and its 200 day simple moving average is $35.74.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.2268 dividend. This is an increase from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date was Monday, April 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.