Confluence Wealth Services Inc. bought a new stake in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 16,774 shares of the company’s stock, valued at approximately $776,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC bought a new position in iShares BB Rated Corporate Bond ETF in the 4th quarter worth $101,000. Steele Capital Management Inc. purchased a new position in iShares BB Rated Corporate Bond ETF in the fourth quarter worth about $207,000. Calton & Associates Inc. bought a new stake in iShares BB Rated Corporate Bond ETF in the fourth quarter worth about $237,000. Partners Capital Investment Group LLP bought a new stake in iShares BB Rated Corporate Bond ETF in the fourth quarter worth about $419,000. Finally, Sheets Smith Wealth Management lifted its stake in iShares BB Rated Corporate Bond ETF by 8.0% in the third quarter. Sheets Smith Wealth Management now owns 13,911 shares of the company’s stock worth $609,000 after purchasing an additional 1,025 shares during the last quarter.
iShares BB Rated Corporate Bond ETF Trading Down 0.5 %
Shares of iShares BB Rated Corporate Bond ETF stock traded down $0.24 on Tuesday, hitting $45.49. 18,864 shares of the company traded hands, compared to its average volume of 44,595. The stock’s 50 day moving average price is $45.83 and its 200-day moving average price is $45.40. iShares BB Rated Corporate Bond ETF has a 52 week low of $42.73 and a 52 week high of $46.38. The company has a market cap of $368.47 million, a PE ratio of 59.99 and a beta of 0.31.
About iShares BB Rated Corporate Bond ETF
The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.
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