iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Shares Down 0% – Here’s What Happened

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)’s stock price traded down 0% on Tuesday . The stock traded as low as $46.62 and last traded at $46.62. 7,369 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 91,649 shares. The stock had previously closed at $46.63.

iShares BB Rated Corporate Bond ETF Stock Down 0.0%

The firm has a 50-day moving average price of $46.71 and a 200 day moving average price of $46.90. The firm has a market capitalization of $421.91 million, a PE ratio of 59.99 and a beta of 0.37.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in iShares BB Rated Corporate Bond ETF during the 4th quarter worth approximately $101,049,000. Valmark Advisers Inc. boosted its holdings in iShares BB Rated Corporate Bond ETF by 5.2% in the first quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock valued at $71,204,000 after purchasing an additional 75,445 shares during the period. Stifel Financial Corp boosted its holdings in iShares BB Rated Corporate Bond ETF by 44.5% in the fourth quarter. Stifel Financial Corp now owns 1,416,283 shares of the company’s stock valued at $66,749,000 after purchasing an additional 435,895 shares during the period. Benjamin Edwards Inc. grew its stake in iShares BB Rated Corporate Bond ETF by 47.9% during the 4th quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock worth $50,959,000 after purchasing an additional 349,980 shares in the last quarter. Finally, Confluence Investment Management LLC grew its stake in iShares BB Rated Corporate Bond ETF by 60.1% during the 4th quarter. Confluence Investment Management LLC now owns 433,506 shares of the company’s stock worth $20,431,000 after purchasing an additional 162,677 shares in the last quarter.

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.