Eastern Bank Invests $123,000 in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Eastern Bank purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,270 shares of the company’s stock, valued at approximately $123,000.

Several other institutional investors have also added to or reduced their stakes in USHY. Family Firm Inc. purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. raised its stake in iShares Broad USD High Yield Corporate Bond ETF by 71.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 812 shares of the company’s stock valued at $29,000 after purchasing an additional 339 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in iShares Broad USD High Yield Corporate Bond ETF by 79.0% during the second 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. Pinnacle Bancorp Inc. grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 429.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,238 shares of the company’s stock worth $47,000 after buying an additional 1,004 shares in the last quarter. Finally, Olistico Wealth LLC purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 2nd quarter worth $61,000.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of BATS USHY opened at $37.19 on Friday. The firm’s 50-day simple moving average is $37.31 and its 200-day simple moving average is $36.66. The stock has a market cap of $11.39 billion, a PE ratio of 17.02 and a beta of 0.34.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.2069 dividend. 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.