Nottingham Advisors Inc. purchased a new position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 40,872 shares of the company’s stock, valued at approximately $1,843,000.
Other hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in iShares BB Rated Corporate Bond ETF in the 2nd quarter valued at $119,170,000. Valmark Advisers Inc. raised its position in iShares BB Rated Corporate Bond ETF by 5.2% during the 1st quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock worth $71,204,000 after buying an additional 75,445 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in iShares BB Rated Corporate Bond ETF during the 3rd quarter worth $16,827,000. Confluence Investment Management LLC purchased a new position in iShares BB Rated Corporate Bond ETF during the 3rd quarter worth $3,828,000. Finally, Bank of America Corp DE lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 77.0% in the 1st quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock worth $1,622,000 after acquiring an additional 15,174 shares during the period.
iShares BB Rated Corporate Bond ETF Stock Performance
HYBB stock opened at $45.14 on Tuesday. iShares BB Rated Corporate Bond ETF has a one year low of $44.60 and a one year high of $47.47. The stock has a market capitalization of $363.38 million, a PE ratio of 59.99 and a beta of 0.38. The company has a fifty day moving average of $45.61 and a 200-day moving average of $46.46.
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.
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Want to see what other hedge funds are holding HYBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Free Report).
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