Victory Capital Management Inc. Has $15.92 Million Stock Holdings in iShares BB Rated Corporate Bond ETF $HYBB

Victory Capital Management Inc. boosted its stake in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 336,500 shares of the company’s stock after buying an additional 14,500 shares during the period. Victory Capital Management Inc. owned approximately 3.89% of iShares BB Rated Corporate Bond ETF worth $15,920,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HYBB. Benjamin Edwards Inc. increased its stake in iShares BB Rated Corporate Bond ETF by 136.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 731,275 shares of the company’s stock valued at $34,596,000 after buying an additional 422,349 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 239.3% in the 3rd quarter. Confluence Investment Management LLC now owns 270,829 shares of the company’s stock valued at $12,813,000 after acquiring an additional 191,003 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of iShares BB Rated Corporate Bond ETF by 25.4% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 274,526 shares of the company’s stock valued at $12,903,000 after acquiring an additional 55,578 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its position in shares of iShares BB Rated Corporate Bond ETF by 304.6% in the third quarter. Focus Partners Advisor Solutions LLC now owns 44,388 shares of the company’s stock valued at $2,090,000 after acquiring an additional 33,418 shares during the last quarter. Finally, WFA of San Diego LLC bought a new stake in iShares BB Rated Corporate Bond ETF during the second quarter worth about $936,000.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of NYSEARCA HYBB opened at $46.80 on Wednesday. The stock has a 50 day moving average price of $47.22 and a 200 day moving average price of $47.16. The stock has a market capitalization of $526.50 million, a PE ratio of 59.99 and a beta of 0.39. iShares BB Rated Corporate Bond ETF has a 52 week low of $42.72 and a 52 week high of $47.51.

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.