Fisher Asset Management LLC Purchases 1,485,153 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Fisher Asset Management LLC increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 5.7% during the fourth quarter, HoldingsChannel reports. The fund owned 27,327,559 shares of the company’s stock after buying an additional 1,485,153 shares during the quarter. Fisher Asset Management LLC owned about 0.10% of iShares Broad USD High Yield Corporate Bond ETF worth $993,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of USHY. SVB Wealth LLC acquired a new position in iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth about $202,000. Bank of New York Mellon Corp lifted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 1,606.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 893,687 shares of the company’s stock worth $31,020,000 after buying an additional 841,307 shares during the period. Farmers & Merchants Investments Inc. acquired a new position in iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth about $31,000. TIAA Trust National Association acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $97,265,000. Finally, Grove Bank & Trust lifted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 0.6% in the 3rd quarter. Grove Bank & Trust now owns 73,703 shares of the company’s stock valued at $2,558,000 after purchasing an additional 458 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Stock Up 0.4 %

Shares of BATS:USHY traded up $0.15 during midday trading on Thursday, reaching $35.88. The company’s stock had a trading volume of 13,371,490 shares. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 17.02 and a beta of 0.34. The stock has a fifty day moving average of $36.21 and a 200 day moving average of $35.86.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.2268 dividend. This is a positive change from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date was Monday, April 1st.

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.