iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC grew its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 91.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,672 shares of the company’s stock after purchasing an additional 6,056 shares during the period. Hexagon Capital Partners LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of USHY. TIAA Trust National Association acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $97,265,000. Bank of New York Mellon Corp raised its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 1,606.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 893,687 shares of the company’s stock valued at $31,020,000 after purchasing an additional 841,307 shares in the last quarter. Manning & Napier Group LLC raised 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 valued at $13,928,000 after purchasing an additional 279,318 shares in the last quarter. Deane Retirement Strategies Inc. acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at about $9,403,000. Finally, Prime Capital Investment Advisors LLC raised its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 29.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 785,319 shares of the company’s stock valued at $28,546,000 after purchasing an additional 180,747 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

Shares of iShares Broad USD High Yield Corporate Bond ETF stock traded down $0.20 during trading on Tuesday, reaching $35.94. The company had a trading volume of 6,281,132 shares. The firm’s fifty day simple moving average is $36.22 and its two-hundred day simple moving average is $35.85. The firm has a market capitalization of $11.40 billion, a P/E ratio of 17.08 and a beta of 0.33.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.2268 per share. The ex-dividend date was Monday, April 1st. This is an increase 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.