Sumitomo Life Insurance Co. Purchases 102,800 Shares of iShares Broad USD High Yield Corporate Bond ETF $USHY

Sumitomo Life Insurance Co. grew its position in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 15.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 754,000 shares of the company’s stock after acquiring an additional 102,800 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF comprises 0.8% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 22nd largest holding. Sumitomo Life Insurance Co.’s holdings in iShares Broad USD High Yield Corporate Bond ETF were worth $28,196,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of 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 stake in 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 worth $35,000 after purchasing an additional 278 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $36,000. Creative Financial Designs Inc. ADV boosted its stake in 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 worth $53,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Olistico Wealth LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $72,000.

iShares Broad USD High Yield Corporate Bond ETF Stock Up 0.0%

USHY stock opened at $36.98 on Friday. The firm has a 50 day moving average of $37.02 and a 200 day moving average of $37.22. The stock has a market capitalization of $23.27 billion, a PE ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a 52 week low of $36.39 and a 52 week 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.