GPS Wealth Strategies Group LLC Raises Stock Holdings in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

GPS Wealth Strategies Group LLC boosted its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 79.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 963 shares of the company’s stock after purchasing an additional 425 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $35,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of USHY. Tennessee Valley Asset Management Partners bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter worth $45,000. EverSource Wealth Advisors LLC boosted 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 valued at $55,000 after buying an additional 1,298 shares during the last quarter. Olistico Wealth LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 2nd quarter worth about $61,000. ICA Group Wealth Management LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter worth about $77,000. Finally, ORG Partners LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter valued at about $80,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Up 0.2 %

Shares of USHY stock traded up $0.08 during trading hours on Thursday, reaching $36.88. The company had a trading volume of 12,369,854 shares. The business has a 50 day moving average of $36.48 and a two-hundred day moving average of $36.32. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 17.02 and a beta of 0.34.

iShares Broad USD High Yield Corporate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a dividend of $0.2078 per share. The ex-dividend date of this dividend was Monday, July 1st. This is a positive change 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.