iShares BB Rated Corporate Bond ETF $HYBB Shares Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. increased its position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 5.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,531,588 shares of the company’s stock after acquiring an additional 75,445 shares during the period. iShares BB Rated Corporate Bond ETF makes up about 0.8% of Valmark Advisers Inc.’s portfolio, making the stock its 26th biggest holding. Valmark Advisers Inc. owned about 16.92% of iShares BB Rated Corporate Bond ETF worth $71,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its stake in iShares BB Rated Corporate Bond ETF by 45.3% during the 4th quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after purchasing an additional 278 shares during the last quarter. IFP Advisors Inc raised its stake in shares of iShares BB Rated Corporate Bond ETF by 29.8% in the third quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock worth $61,000 after purchasing an additional 298 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares BB Rated Corporate Bond ETF by 12.2% during the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after purchasing an additional 369 shares during the period. Osaic Holdings Inc. boosted its position in iShares BB Rated Corporate Bond ETF by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock valued at $188,000 after buying an additional 440 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in iShares BB Rated Corporate Bond ETF in the fourth quarter valued at approximately $228,000.

iShares BB Rated Corporate Bond ETF Price Performance

NYSEARCA:HYBB traded down $0.05 during midday trading on Friday, hitting $46.57. The company’s stock had a trading volume of 14,421 shares, compared to its average volume of 85,423. iShares BB Rated Corporate Bond ETF has a fifty-two week low of $45.92 and a fifty-two week high of $47.51. The firm has a market cap of $409.82 million, a P/E ratio of 59.99 and a beta of 0.37. The firm’s 50 day moving average is $46.64 and its 200-day moving average is $46.86.

iShares BB Rated Corporate Bond ETF 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.