Sumitomo Life Insurance Co. Boosts Stock Holdings in iShares Broad USD High Yield Corporate Bond ETF $USHY

Sumitomo Life Insurance Co. raised its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 15.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 754,000 shares of the company’s stock after purchasing an additional 102,800 shares during the period. iShares Broad USD High Yield Corporate Bond ETF accounts for about 0.8% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 22nd largest position. Sumitomo Life Insurance Co. owned 0.12% of iShares Broad USD High Yield Corporate Bond ETF worth $28,196,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at about $27,000. Brown Brothers Harriman & Co. boosted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 43.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 923 shares of the company’s stock valued at $35,000 after buying an additional 278 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at about $36,000. Creative Financial Designs Inc. ADV boosted its holdings 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. Finally, Olistico Wealth LLC bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter valued at about $72,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

BATS:USHY opened at $36.98 on Friday. iShares Broad USD High Yield Corporate Bond ETF has a fifty-two week low of $36.39 and a fifty-two week high of $37.87. The stock has a market capitalization of $23.27 billion, a P/E ratio of 10.79 and a beta of 0.41. The company’s 50-day simple moving average is $37.02 and its 200-day simple moving average is $37.22.

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.