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

Pointe Capital Management LLC increased its holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,277 shares of the company’s stock after acquiring an additional 4,028 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF comprises about 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 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of USHY. Farmers & Merchants Investments Inc. bought 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 shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at $36,000. Tennessee Valley Asset Management Partners bought a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter worth about $45,000. ORG Partners LLC raised its position in iShares Broad USD High Yield Corporate Bond ETF by 13.2% in the 4th quarter. ORG Partners LLC now owns 2,531 shares of the company’s stock worth $92,000 after buying an additional 295 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter valued at about $202,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

Shares of USHY traded up $0.14 during mid-day trading on Friday, hitting $36.22. 9,285,244 shares of the company traded hands. The business has a 50-day moving average price of $36.20 and a 200-day moving average price of $35.88. The company has a market cap of $11.09 billion, a PE ratio of 17.02 and a beta of 0.34.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2268 per share. This is a boost 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.