Manning & Napier Advisors LLC Makes New Investment in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Manning & Napier Advisors LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 104,200 shares of the company’s stock, valued at approximately $3,780,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter worth about $45,000. EverSource Wealth Advisors LLC raised its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 574.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the company’s stock worth $55,000 after purchasing an additional 1,298 shares during the period. Olistico Wealth LLC acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the second quarter worth about $61,000. ICA Group Wealth Management LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at approximately $77,000. Finally, Financial Management Professionals Inc. raised its position in iShares Broad USD High Yield Corporate Bond ETF by 1,973.1% in the 1st quarter. Financial Management Professionals Inc. now owns 2,239 shares of the company’s stock valued at $82,000 after buying an additional 2,131 shares during the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

iShares Broad USD High Yield Corporate Bond ETF stock remained flat at $36.61 during midday trading on Friday. The company had a trading volume of 4,610,818 shares. The business’s fifty day moving average price is $36.45 and its two-hundred day moving average price is $36.31. The firm has a market capitalization of $11.21 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 announced a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were given a $0.2078 dividend. The ex-dividend date was Monday, July 1st. This is a positive change from iShares Broad USD High Yield Corporate Bond ETF’s previous dividend of $0.20.

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.