JPMorgan Chase & Co. Purchases 4,272,229 Shares of iShares Broad USD High Yield Corporate Bond ETF $USHY

JPMorgan Chase & Co. boosted its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 56.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,904,449 shares of the company’s stock after purchasing an additional 4,272,229 shares during the period. JPMorgan Chase & Co.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $445,167,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in USHY. Ameriprise Financial Inc. increased its holdings in iShares Broad USD High Yield Corporate Bond ETF by 335.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 614,001 shares of the company’s stock worth $23,011,000 after purchasing an additional 472,895 shares in the last quarter. Captrust Financial Advisors increased its holdings in iShares Broad USD High Yield Corporate Bond ETF by 22.9% during the 2nd quarter. Captrust Financial Advisors now owns 12,133 shares of the company’s stock worth $455,000 after purchasing an additional 2,258 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in iShares Broad USD High Yield Corporate Bond ETF by 16.3% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 13,120 shares of the company’s stock worth $496,000 after purchasing an additional 1,840 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in iShares Broad USD High Yield Corporate Bond ETF by 9.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 25,917 shares of the company’s stock worth $979,000 after purchasing an additional 2,231 shares in the last quarter. Finally, Sumitomo Life Insurance Co. increased its holdings in iShares Broad USD High Yield Corporate Bond ETF by 196.1% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 651,200 shares of the company’s stock worth $24,602,000 after purchasing an additional 431,300 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

iShares Broad USD High Yield Corporate Bond ETF stock opened at $36.79 on Thursday. The firm has a 50-day moving average of $37.01 and a 200-day moving average of $37.23. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $36.39 and a one year high of $37.87. The company has a market cap of $23.15 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41.

iShares Broad USD High Yield Corporate Bond ETF Company 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.