Pointe Capital Management LLC Buys 4,028 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Pointe Capital Management LLC boosted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,277 shares of the company’s stock after buying an additional 4,028 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF makes up approximately 1.5% of Pointe Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Pointe Capital Management LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $2,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USHY. TIAA Trust National Association purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter valued at approximately $97,265,000. Fisher Asset Management LLC grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 5.7% in the fourth quarter. Fisher Asset Management LLC now owns 27,327,559 shares of the company’s stock worth $993,357,000 after acquiring an additional 1,485,153 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in iShares Broad USD High Yield Corporate Bond ETF by 1,606.2% in the third quarter. Bank of New York Mellon Corp now owns 893,687 shares of the company’s stock valued at $31,020,000 after acquiring an additional 841,307 shares in the last quarter. Manning & Napier Group LLC lifted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 269.0% during the 4th quarter. Manning & Napier Group LLC now owns 383,168 shares of the company’s stock worth $13,928,000 after buying an additional 279,318 shares during the last quarter. Finally, Deane Retirement Strategies Inc. purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter worth approximately $9,403,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

Shares of USHY stock traded up $0.14 during midday trading on Friday, hitting $36.22. The company had a trading volume of 9,285,244 shares. The firm has a market capitalization of $11.09 billion, a PE ratio of 17.02 and a beta of 0.34. The stock has a 50-day simple moving average of $36.20 and a 200 day simple moving average of $35.88.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders 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.

iShares Broad USD High Yield Corporate Bond ETF 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.