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

JPMorgan Chase & Co. lifted its position in 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 & Exchange Commission. The institutional investor owned 11,904,449 shares of the company’s stock after buying an additional 4,272,229 shares during the period. JPMorgan Chase & Co. owned about 1.89% of iShares Broad USD High Yield Corporate Bond ETF worth $445,167,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at $36,000. Creative Financial Designs Inc. ADV increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 9,400.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,425 shares of the company’s stock valued at $53,000 after buying an additional 1,410 shares in the last quarter. Olistico Wealth LLC bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at $72,000. BOKF NA increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 64.7% in the 3rd quarter. BOKF NA now owns 3,039 shares of the company’s stock valued at $115,000 after buying an additional 1,194 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at $140,000.

iShares Broad USD High Yield Corporate Bond ETF Trading Down 0.2%

USHY stock opened at $36.79 on Thursday. The stock has a 50-day moving average price of $37.01 and a two-hundred day moving average price of $37.23. The stock has a market cap of $23.15 billion, a PE ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a 1 year low of $36.39 and a 1 year high of $37.87.

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.