Sunbelt Securities Inc. Acquires 2,322 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Sunbelt Securities Inc. lifted its holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 187.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,560 shares of the company’s stock after buying an additional 2,322 shares during the period. Sunbelt Securities Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $129,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in iShares Broad USD High Yield Corporate Bond ETF in the second quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 71.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 812 shares of the company’s stock worth $29,000 after purchasing an additional 339 shares during the period. GPS Wealth Strategies Group LLC increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 79.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 963 shares of the company’s stock valued at $35,000 after purchasing an additional 425 shares during the last quarter. Olistico Wealth LLC purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter valued at $61,000. Finally, ICA Group Wealth Management LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter worth $77,000.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

USHY stock opened at $37.38 on Friday. The company has a market capitalization of $11.45 billion, a PE ratio of 17.02 and a beta of 0.34. The company’s fifty day moving average price is $37.11 and its two-hundred day moving average price is $36.56.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

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

iShares Broad USD High Yield Corporate Bond ETF Company 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.