Janney Montgomery Scott LLC Invests $805,000 in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Janney Montgomery Scott LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,886 shares of the company’s stock, valued at approximately $805,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USHY. JPMorgan Chase & Co. boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 304.4% during the third quarter. JPMorgan Chase & Co. now owns 63,967,523 shares of the company’s stock worth $2,408,377,000 after buying an additional 95,267,754 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 107.5% in the third quarter. BNP Paribas Financial Markets now owns 5,188,732 shares of the company’s stock valued at $195,356,000 after purchasing an additional 2,688,663 shares in the last quarter. Rebalance LLC increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 2.6% in the 3rd quarter. Rebalance LLC now owns 1,607,103 shares of the company’s stock worth $60,507,000 after acquiring an additional 41,041 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 980,014 shares of the company’s stock valued at $36,898,000 after buying an additional 37,728 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 17.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 444,473 shares of the company’s stock valued at $16,734,000 after purchasing an additional 67,321 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Stock Up 1.2 %

iShares Broad USD High Yield Corporate Bond ETF stock opened at $37.19 on Friday. The company has a 50-day moving average of $37.07 and a 200 day moving average of $37.13. The stock has a market cap of $11.39 billion, a P/E ratio of 17.02 and a beta of 0.34.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.2143 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.21.

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.