Public Employees Retirement System of Ohio Invests $119.17 Million in iShares BB Rated Corporate Bond ETF $HYBB

Public Employees Retirement System of Ohio acquired a new stake in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,548,011 shares of the company’s stock, valued at approximately $119,170,000. Public Employees Retirement System of Ohio owned 27.70% of iShares BB Rated Corporate Bond ETF at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HYBB. Valmark Advisers Inc. boosted its position in iShares BB Rated Corporate Bond ETF by 5.2% in the 1st quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock valued at $71,204,000 after buying an additional 75,445 shares during the period. Stifel Financial Corp increased its position in shares of iShares BB Rated Corporate Bond ETF by 44.5% during the fourth quarter. Stifel Financial Corp now owns 1,416,283 shares of the company’s stock worth $66,749,000 after acquiring an additional 435,895 shares during the period. Benjamin Edwards Inc. raised its stake in shares of iShares BB Rated Corporate Bond ETF by 47.9% in the fourth quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock valued at $50,959,000 after acquiring an additional 349,980 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of iShares BB Rated Corporate Bond ETF by 4.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 372,034 shares of the company’s stock valued at $17,534,000 after acquiring an additional 14,582 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in iShares BB Rated Corporate Bond ETF by 4.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 86,823 shares of the company’s stock valued at $4,092,000 after purchasing an additional 3,595 shares during the period.

iShares BB Rated Corporate Bond ETF Price Performance

Shares of NYSEARCA HYBB opened at $46.66 on Friday. The company has a market cap of $429.27 million, a price-to-earnings ratio of 59.99 and a beta of 0.37. The stock’s 50-day moving average is $46.55 and its two-hundred day moving average is $46.69. iShares BB Rated Corporate Bond ETF has a 1-year low of $45.92 and a 1-year high of $47.51.

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.