Royal Bank of Canada Takes $5.65 Million Position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF $BBBS

Royal Bank of Canada purchased a new position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (NYSEARCA:BBBS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 110,542 shares of the company’s stock, valued at approximately $5,654,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC grew its stake in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 71.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,251 shares of the company’s stock valued at $116,000 after acquiring an additional 935 shares during the last quarter. Diversified Portfolios Inc. raised its position in BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 4.2% during the fourth quarter. Diversified Portfolios Inc. now owns 37,502 shares of the company’s stock worth $1,931,000 after acquiring an additional 1,512 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 11.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 32,913 shares of the company’s stock valued at $1,694,000 after purchasing an additional 3,254 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 2.2% in the fourth quarter. Orion Porfolio Solutions LLC now owns 156,634 shares of the company’s stock valued at $8,064,000 after purchasing an additional 3,401 shares in the last quarter. Finally, CWM LLC grew its position in shares of BondBloxx BBB Rated 1-5 Year Corporate Bond ETF by 142.2% in the fourth quarter. CWM LLC now owns 6,488 shares of the company’s stock valued at $334,000 after purchasing an additional 3,809 shares during the last quarter.

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF Price Performance

Shares of BBBS opened at $50.74 on Thursday. The firm has a 50 day simple moving average of $50.83 and a 200-day simple moving average of $51.11. BondBloxx BBB Rated 1-5 Year Corporate Bond ETF has a 1-year low of $50.59 and a 1-year high of $51.83.

About BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

The BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of BBB-rated, USD-denominated corporate bonds maturing between 1-5 years. BBBS was launched on Jan 25, 2024 and is issued by BondBloxx.