Benjamin Edwards Inc. Buys 33,212 Shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Benjamin Edwards Inc. boosted its holdings in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 35.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 127,447 shares of the company’s stock after buying an additional 33,212 shares during the quarter. iShares BB Rated Corporate Bond ETF accounts for about 1.3% of Benjamin Edwards Inc.’s investment portfolio, making the stock its 8th largest position. Benjamin Edwards Inc. owned approximately 2.28% of iShares BB Rated Corporate Bond ETF worth $5,864,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Steele Capital Management Inc. acquired a new position in iShares BB Rated Corporate Bond ETF in the 4th quarter worth approximately $207,000. Avior Wealth Management LLC bought a new stake in iShares BB Rated Corporate Bond ETF during the fourth quarter valued at about $101,000. Columbus Macro LLC bought a new stake in iShares BB Rated Corporate Bond ETF during the fourth quarter valued at about $883,000. Mutual Advisors LLC boosted its holdings in iShares BB Rated Corporate Bond ETF by 1.5% during the fourth quarter. Mutual Advisors LLC now owns 17,072 shares of the company’s stock valued at $785,000 after acquiring an additional 260 shares during the period. Finally, Stifel Financial Corp boosted its holdings in iShares BB Rated Corporate Bond ETF by 8.3% during the third quarter. Stifel Financial Corp now owns 1,590,545 shares of the company’s stock valued at $69,618,000 after acquiring an additional 122,533 shares during the period.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of HYBB traded up $0.17 during trading hours on Thursday, reaching $45.66. 16,760 shares of the company traded hands, compared to its average volume of 43,911. iShares BB Rated Corporate Bond ETF has a 1-year low of $42.73 and a 1-year high of $46.38. The stock has a market cap of $369.85 million, a P/E ratio of 59.99 and a beta of 0.31. The stock’s fifty day moving average is $45.81 and its 200 day moving average is $45.42.

iShares BB Rated Corporate Bond ETF Company Profile

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.