iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. trimmed its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 93.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,300 shares of the company’s stock after selling 947,800 shares during the period. Sumitomo Life Insurance Co.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $2,421,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter worth $77,000. Grey Fox Wealth Advisors LLC grew its holdings in iShares Broad USD High Yield Corporate Bond ETF by 24.8% in the 1st quarter. Grey Fox Wealth Advisors LLC now owns 101,752 shares of the company’s stock valued at $3,723,000 after buying an additional 20,236 shares during the period. Financial Management Professionals Inc. increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 1,973.1% during the 1st quarter. Financial Management Professionals Inc. now owns 2,239 shares of the company’s stock valued at $82,000 after acquiring an additional 2,131 shares during the last quarter. Vicus Capital increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 27.0% during the 1st quarter. Vicus Capital now owns 52,928 shares of the company’s stock valued at $1,937,000 after acquiring an additional 11,256 shares during the last quarter. Finally, Private Ocean LLC purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 1st quarter worth about $128,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Down 0.0 %

Shares of USHY traded down $0.01 during mid-day trading on Wednesday, hitting $37.32. The company had a trading volume of 4,740,298 shares. The business has a fifty day moving average of $37.23 and a 200-day moving average of $36.61. The company has a market cap of $11.43 billion, a PE ratio of 17.02 and a beta of 0.34.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.2069 dividend. The ex-dividend date was Tuesday, September 3rd.

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.