TIAA Trust National Association Sells 228,292 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

TIAA Trust National Association cut its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,464,934 shares of the company’s stock after selling 228,292 shares during the quarter. TIAA Trust National Association’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $164,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Financial Corp IN bought a new position in iShares Broad USD High Yield Corporate Bond ETF in the fourth quarter worth about $44,000. OLD Point Trust & Financial Services N A purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $47,000. Wintrust Investments LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $67,000. Wilmington Savings Fund Society FSB purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $74,000. Finally, BankPlus Trust Department bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter valued at approximately $91,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 0.9 %

USHY opened at $37.11 on Tuesday. The company has a market cap of $20.00 billion, a price-to-earnings ratio of 10.80 and a beta of 0.47. The stock has a fifty day simple moving average of $37.13 and a two-hundred day simple moving average of $37.18. iShares Broad USD High Yield Corporate Bond ETF has a 12-month low of $35.55 and a 12-month high of $37.72.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.2103 dividend. The ex-dividend date of this dividend was Monday, March 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.