Cullen Frost Bankers Inc. Acquires 2,850 Shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)

Cullen Frost Bankers Inc. increased its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 488.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,434 shares of the company’s stock after purchasing an additional 2,850 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Financial Corp IN bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter valued at approximately $44,000. Transcendent Capital Group LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at approximately $49,000. Wilmington Savings Fund Society FSB bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the third quarter valued at approximately $74,000. BankPlus Trust Department bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the fourth quarter valued at approximately $91,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 149.6% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,551 shares of the company’s stock valued at $94,000 after purchasing an additional 1,529 shares in the last quarter.

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

BATS USHY opened at $37.08 on Monday. The company has a market capitalization of $18.55 billion, a P/E ratio of 16.47 and a beta of 0.46. The company’s 50-day simple moving average is $37.12 and its 200 day simple moving average is $37.20.

iShares Broad USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid 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.