Financial Management Professionals Inc. Purchases 2,131 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Financial Management Professionals Inc. raised its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 1,973.1% during the first quarter, HoldingsChannel.com reports. The fund owned 2,239 shares of the company’s stock after purchasing an additional 2,131 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $82,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 22,803.3% in the 4th quarter. Jones Financial Companies Lllp now owns 15,689,009 shares of the company’s stock worth $570,295,000 after buying an additional 15,620,508 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 5.7% in the 4th quarter. Fisher Asset Management LLC now owns 27,327,559 shares of the company’s stock worth $993,357,000 after buying an additional 1,485,153 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 212.2% in the 4th quarter. BNP Paribas Financial Markets now owns 1,710,277 shares of the company’s stock worth $62,169,000 after buying an additional 1,162,457 shares in the last quarter. TIAA Trust National Association grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 29.5% in the 4th quarter. TIAA Trust National Association now owns 3,627,681 shares of the company’s stock worth $131,866,000 after buying an additional 825,462 shares in the last quarter. Finally, Manning & Napier Group LLC grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 269.0% in the 4th quarter. Manning & Napier Group LLC now owns 383,168 shares of the company’s stock worth $13,928,000 after buying an additional 279,318 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Down 0.2 %

Shares of BATS:USHY opened at $36.28 on Friday. The stock has a market cap of $11.11 billion, a PE ratio of 17.02 and a beta of 0.34. The business has a 50 day simple moving average of $36.22 and a two-hundred day simple moving average of $36.26.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be paid a dividend of $0.2078 per share. The ex-dividend date is Monday, July 1st. This is a boost from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.20.

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.