JPMorgan Chase & Co. Has $948.20 Million Stock Position in iShares Broad USD High Yield Corporate Bond ETF $USHY

JPMorgan Chase & Co. increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 208.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,278,570 shares of the company’s stock after buying an additional 17,091,459 shares during the period. JPMorgan Chase & Co. owned 4.02% of iShares Broad USD High Yield Corporate Bond ETF worth $948,199,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new stake in iShares Broad USD High Yield Corporate Bond ETF during the second quarter valued at about $41,000. Hurley Capital LLC acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 1st quarter worth about $99,000. AdvisorNet Financial Inc boosted its stake in iShares Broad USD High Yield Corporate Bond ETF by 20.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,868 shares of the company’s stock valued at $108,000 after purchasing an additional 480 shares during the period. SVB Wealth LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 1st quarter valued at approximately $116,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 1st quarter valued at approximately $162,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Up 1.5%

Shares of USHY stock opened at $37.33 on Friday. iShares Broad USD High Yield Corporate Bond ETF has a 12 month low of $34.90 and a 12 month high of $37.72. The firm has a market cap of $23.48 billion, a PE ratio of 10.79 and a beta of 0.41. The stock has a 50 day moving average of $37.53 and a 200-day moving average of $37.33.

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.