iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Shares Bought by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. raised its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 1,026.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 724,600 shares of the company’s stock after acquiring an additional 660,300 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF makes up approximately 0.5% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 19th biggest holding. Sumitomo Life Insurance Co.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $26,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter valued at about $27,000. First Financial Corp IN purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at $44,000. Pinnacle Bancorp Inc. increased its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 429.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,238 shares of the company’s stock worth $47,000 after acquiring an additional 1,004 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 3rd quarter worth $49,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the third quarter valued at about $74,000.

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

iShares Broad USD High Yield Corporate Bond ETF stock opened at $37.31 on Wednesday. The stock’s 50-day moving average price is $37.09 and its 200-day moving average price is $37.11. The firm has a market capitalization of $11.43 billion, a PE ratio of 17.02 and a beta of 0.34.

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.