RMR Capital Management LLC Acquires New Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

RMR Capital Management LLC bought a new position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,626 shares of the company’s stock, valued at approximately $811,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HYBB. WFA of San Diego LLC grew its stake in iShares BB Rated Corporate Bond ETF by 5.9% in the 3rd quarter. WFA of San Diego LLC now owns 4,719 shares of the company’s stock valued at $223,000 after buying an additional 264 shares in the last quarter. CENTRAL TRUST Co purchased a new position in iShares BB Rated Corporate Bond ETF during the 3rd quarter valued at about $46,000. Heritage Family Offices LLP increased its stake in iShares BB Rated Corporate Bond ETF by 11.4% in the 4th quarter. Heritage Family Offices LLP now owns 10,731 shares of the company’s stock worth $494,000 after acquiring an additional 1,101 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its position in iShares BB Rated Corporate Bond ETF by 3.5% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 39,582 shares of the company’s stock worth $1,874,000 after buying an additional 1,348 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 5.0% in the 2nd quarter. Cetera Investment Advisers now owns 32,924 shares of the company’s stock valued at $1,515,000 after purchasing an additional 1,557 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Price Performance

Shares of HYBB stock opened at $46.67 on Thursday. The business has a 50-day moving average of $46.38 and a 200 day moving average of $46.60. iShares BB Rated Corporate Bond ETF has a 1-year low of $45.06 and a 1-year high of $47.42. The stock has a market capitalization of $389.65 million, a PE ratio of 59.99 and a beta of 0.32.

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.