iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. grew its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 488.0% during the 4th quarter, Holdings Channel reports. The firm owned 3,434 shares of the company’s stock after purchasing an additional 2,850 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $126,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of USHY. JPMorgan Chase & Co. grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 304.4% in the third quarter. JPMorgan Chase & Co. now owns 63,967,523 shares of the company’s stock valued at $2,408,377,000 after purchasing an additional 95,267,754 shares during the period. BNP Paribas Financial Markets grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 107.5% in the third quarter. BNP Paribas Financial Markets now owns 5,188,732 shares of the company’s stock valued at $195,356,000 after purchasing an additional 2,688,663 shares during the period. Jones Financial Companies Lllp grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 7.2% in the fourth quarter. Jones Financial Companies Lllp now owns 19,425,031 shares of the company’s stock valued at $714,647,000 after purchasing an additional 1,302,847 shares during the period. Sumitomo Life Insurance Co. grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 1,026.9% in the fourth quarter. Sumitomo Life Insurance Co. now owns 724,600 shares of the company’s stock valued at $26,658,000 after purchasing an additional 660,300 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 7.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,738,878 shares of the company’s stock valued at $63,973,000 after purchasing an additional 114,005 shares during the period.

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

Shares of BATS USHY opened at $37.08 on Monday. The firm has a 50-day moving average of $37.12 and a 200-day moving average of $37.20. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 16.47 and a beta of 0.46.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.2103 per share. 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.