Jones Financial Companies Lllp Acquires 39,467,713 Shares of iShares Broad USD High Yield Corporate Bond ETF $USHY

Jones Financial Companies Lllp increased its stake in iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) by 177.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 61,767,288 shares of the company’s stock after buying an additional 39,467,713 shares during the quarter. iShares Broad USD High Yield Corporate Bond ETF accounts for approximately 1.6% of Jones Financial Companies Lllp’s portfolio, making the stock its 14th largest holding. Jones Financial Companies Lllp owned 9.82% of iShares Broad USD High Yield Corporate Bond ETF worth $2,330,480,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC purchased a new position in iShares Broad USD High Yield Corporate Bond ETF in the second quarter valued at about $28,000. Richardson Capital Management LLC purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF in the third quarter worth $32,000. Farmers & Merchants Investments Inc. raised its stake in iShares Broad USD High Yield Corporate Bond ETF by 78.4% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 883 shares of the company’s stock valued at $33,000 after acquiring 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 third quarter worth about $35,000. Finally, Trust Co. of Toledo NA OH bought a new position in iShares Broad USD High Yield Corporate Bond ETF in the 2nd quarter worth approximately $41,000.

iShares Broad USD High Yield Corporate Bond ETF Price Performance

Shares of USHY stock opened at $37.65 on Monday. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. iShares Broad USD High Yield Corporate Bond ETF has a 1 year low of $34.90 and a 1 year high of $37.72. The company’s fifty day simple moving average is $37.50 and its two-hundred day simple moving average is $37.49.

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.