Municipal Employees Retirement System of Michigan Boosts Stock Position in BondBloxx BB Rated USD High Yield Corporate Bond ETF $XBB

Municipal Employees Retirement System of Michigan grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) by 18.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,372,511 shares of the company’s stock after acquiring an additional 1,144,871 shares during the period. BondBloxx BB Rated USD High Yield Corporate Bond ETF accounts for approximately 3.4% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 12th largest holding. Municipal Employees Retirement System of Michigan owned 74.85% of BondBloxx BB Rated USD High Yield Corporate Bond ETF worth $303,338,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in XBB. Jane Street Group LLC lifted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 126.1% during the first quarter. Jane Street Group LLC now owns 31,367 shares of the company’s stock worth $1,268,000 after acquiring an additional 17,497 shares in the last quarter. Atwood & Palmer Inc. raised its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.3% in the fourth quarter. Atwood & Palmer Inc. now owns 486,275 shares of the company’s stock worth $20,007,000 after buying an additional 11,119 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter worth $389,000. MGO One Seven LLC raised its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% in the fourth quarter. MGO One Seven LLC now owns 214,153 shares of the company’s stock worth $8,811,000 after buying an additional 7,155 shares in the last quarter. Finally, GK Wealth Management LLC bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the fourth quarter valued at $243,000.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Down 0.1%

XBB opened at $40.80 on Friday. The stock has a market cap of $449.62 million, a PE ratio of 59.99 and a beta of 0.40. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 52 week low of $40.18 and a 52 week high of $41.61. The business’s fifty day simple moving average is $40.80 and its 200 day simple moving average is $41.07.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Profile

The BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of BB (or its equivalent), based on an average of three main credit rating providers. XBB was launched on May 24, 2022 and is managed by BondBloxx.