Arrowroot Family Office LLC Makes New $816,000 Investment in iShares BB Rated Corporate Bond ETF $HYBB

Arrowroot Family Office LLC purchased a new position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,363 shares of the company’s stock, valued at approximately $816,000.

A number of other large investors have also recently bought and sold shares of the company. Zhang Financial LLC acquired a new position in iShares BB Rated Corporate Bond ETF during the 2nd quarter worth approximately $203,000. Nottingham Advisors Inc. boosted its position in iShares BB Rated Corporate Bond ETF by 3.9% during the second quarter. Nottingham Advisors Inc. now owns 36,543 shares of the company’s stock valued at $1,718,000 after purchasing an additional 1,369 shares during the last quarter. Mutual Advisors LLC boosted its position in iShares BB Rated Corporate Bond ETF by 10.0% during the second quarter. Mutual Advisors LLC now owns 16,666 shares of the company’s stock valued at $780,000 after purchasing an additional 1,519 shares during the last quarter. RMR Capital Management LLC boosted its position in iShares BB Rated Corporate Bond ETF by 2.8% during the second quarter. RMR Capital Management LLC now owns 18,121 shares of the company’s stock valued at $852,000 after purchasing an additional 495 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its position in iShares BB Rated Corporate Bond ETF by 61.7% during the first quarter. Focus Partners Advisor Solutions LLC now owns 10,929 shares of the company’s stock valued at $505,000 after purchasing an additional 4,171 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of NYSEARCA HYBB opened at $46.84 on Wednesday. The stock has a 50 day moving average price of $47.16 and a 200 day moving average price of $46.70. iShares BB Rated Corporate Bond ETF has a 52 week low of $42.72 and a 52 week high of $47.51. The stock has a market capitalization of $400.48 million, a PE ratio of 59.99 and a beta of 0.39.

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.