Wetzel Investment Advisors Inc. Purchases New Holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Wetzel Investment Advisors Inc. purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) in the fourth quarter, Holdings Channel reports. The firm purchased 27,517 shares of the company’s stock, valued at approximately $1,000,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at approximately $31,000. Winch Advisory Services LLC purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the third quarter worth $36,000. Kozak & Associates Inc. purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the third quarter worth $38,000. Tennessee Valley Asset Management Partners purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter worth $45,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the first quarter worth $53,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 0.1 %

BATS:USHY traded up $0.05 during trading hours on Friday, reaching $35.74. The stock had a trading volume of 10,805,266 shares. The stock has a 50-day moving average of $36.24 and a 200 day moving average of $35.75. The firm has a market capitalization of $11.34 billion, a PE ratio of 17.08 and a beta of 0.33.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

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

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.