iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 107.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,188,732 shares of the company’s stock after acquiring an additional 2,688,663 shares during the quarter. BNP Paribas Financial Markets owned about 1.69% of iShares Broad USD High Yield Corporate Bond ETF worth $195,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Loomis Sayles & Co. L P increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 17.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 444,473 shares of the company’s stock valued at $16,734,000 after acquiring an additional 67,321 shares during the last quarter. L & S Advisors Inc increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 2.6% during the 3rd quarter. L & S Advisors Inc now owns 13,234 shares of the company’s stock valued at $498,000 after acquiring an additional 332 shares during the last quarter. Euro Pacific Asset Management LLC purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth about $557,000. Diversified Portfolios Inc. grew its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 4.5% during the 3rd quarter. Diversified Portfolios Inc. now owns 7,795 shares of the company’s stock worth $293,000 after purchasing an additional 334 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its holdings 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 worth $36,898,000 after purchasing an additional 37,728 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

Shares of BATS:USHY traded up $0.15 during trading on Tuesday, reaching $37.38. 21,556,635 shares of the stock were exchanged. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 17.02 and a beta of 0.34. The company has a 50-day moving average price of $37.31 and a 200-day moving average price of $36.85.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.2069 per share. The ex-dividend date was Tuesday, September 3rd.

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.