First Horizon Advisors Inc. Purchases 7,891 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

First Horizon Advisors Inc. increased its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 327.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,302 shares of the company’s stock after purchasing an additional 7,891 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF in the third quarter worth $27,000. First Financial Corp IN bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter valued at $44,000. Transcendent Capital Group LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at $49,000. Wilmington Savings Fund Society FSB bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at $74,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 149.6% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,551 shares of the company’s stock valued at $94,000 after acquiring an additional 1,529 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

Shares of BATS USHY opened at $37.27 on Tuesday. The company has a market capitalization of $11.42 billion, a PE ratio of 17.02 and a beta of 0.34. The firm’s 50-day moving average is $37.04 and its two-hundred day moving average is $37.18.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2143 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost 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.