Tennessee Valley Asset Management Partners Invests $45,000 in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Tennessee Valley Asset Management Partners bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,233 shares of the company’s stock, valued at approximately $45,000.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in iShares Broad USD High Yield Corporate Bond ETF by 9.4% during the third quarter. Jones Financial Companies Lllp now owns 68,501 shares of the company’s stock worth $2,378,000 after buying an additional 5,862 shares in the last quarter. Hexagon Capital Partners LLC grew its position in iShares Broad USD High Yield Corporate Bond ETF by 173.3% during the third quarter. Hexagon Capital Partners LLC now owns 6,616 shares of the company’s stock worth $230,000 after buying an additional 4,195 shares in the last quarter. Deane Retirement Strategies Inc. acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter worth approximately $9,403,000. Triumph Capital Management grew its position in iShares Broad USD High Yield Corporate Bond ETF by 198.0% during the third quarter. Triumph Capital Management now owns 18,611 shares of the company’s stock worth $646,000 after buying an additional 12,365 shares in the last quarter. Finally, Covestor Ltd grew its position in iShares Broad USD High Yield Corporate Bond ETF by 4.9% during the third quarter. Covestor Ltd now owns 6,382 shares of the company’s stock worth $222,000 after buying an additional 299 shares in the last quarter.

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

Shares of BATS:USHY opened at $36.08 on Wednesday. The firm has a market capitalization of $11.44 billion, a P/E ratio of 17.08 and a beta of 0.33. The business’s 50-day moving average is $36.24 and its 200 day moving average is $35.80.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.2268 dividend. 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.