Arkadios Wealth Advisors Makes New $361,000 Investment in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Arkadios Wealth Advisors purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,943 shares of the company’s stock, valued at approximately $361,000.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its stake in iShares Broad USD High Yield Corporate Bond ETF by 36,994.4% during the 4th quarter. First Horizon Advisors Inc. now owns 33,014 shares of the company’s stock valued at $1,200,000 after acquiring an additional 32,925 shares during the period. Natixis Advisors L.P. lifted its position in iShares Broad USD High Yield Corporate Bond ETF by 147.3% during the fourth quarter. Natixis Advisors L.P. now owns 50,028 shares of the company’s stock valued at $1,818,000 after purchasing an additional 29,800 shares during the period. Pointe Capital Management LLC boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 7.3% in the fourth quarter. Pointe Capital Management LLC now owns 59,277 shares of the company’s stock worth $2,155,000 after purchasing an additional 4,028 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in iShares Broad USD High Yield Corporate Bond ETF by 1,149.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 21,059 shares of the company’s stock worth $766,000 after purchasing an additional 19,374 shares during the period. Finally, Ethos Financial Group LLC purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter valued at $645,000.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

BATS USHY opened at $37.27 on Friday. The company has a market cap of $11.42 billion, a PE ratio of 17.02 and a beta of 0.34. The company’s fifty day moving average price is $36.69 and its two-hundred day moving average price is $36.39.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a $0.2078 dividend. This is a boost from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date was Monday, July 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.