Bessemer Group Inc. Grows Holdings in iShares Broad USD High Yield Corporate Bond ETF $USHY

Bessemer Group Inc. grew its position in shares of iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 23,046.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,803 shares of the company’s stock after purchasing an additional 36,644 shares during the period. Bessemer Group Inc.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $1,390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC purchased a new position in iShares Broad USD High Yield Corporate Bond ETF in the second quarter worth $28,000. Richardson Capital Management LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $32,000. Farmers & Merchants Investments Inc. boosted its holdings in iShares Broad USD High Yield Corporate Bond ETF by 78.4% in the third quarter. Farmers & Merchants Investments Inc. now owns 883 shares of the company’s stock valued at $33,000 after purchasing an additional 388 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $35,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the second quarter valued at approximately $41,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

iShares Broad USD High Yield Corporate Bond ETF stock opened at $37.51 on Tuesday. The business has a fifty day moving average of $37.48 and a two-hundred day moving average of $37.50. The company has a market cap of $23.60 billion, a P/E ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a one year low of $34.90 and a one year high of $37.87.

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.