iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Trading Up 0% – What’s Next?

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)’s share price were up 0% during mid-day trading on Friday . The stock traded as high as $47.35 and last traded at $47.29. Approximately 10,988 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 97,886 shares. The stock had previously closed at $47.28.

iShares BB Rated Corporate Bond ETF Stock Performance

The firm has a market cap of $532.01 million, a price-to-earnings ratio of 59.99 and a beta of 0.39. The company’s fifty day moving average is $47.19 and its two-hundred day moving average is $47.11.

Institutional Investors Weigh In On iShares BB Rated Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Valmark Advisers Inc. purchased a new position in shares of iShares BB Rated Corporate Bond ETF in the fourth quarter valued at $68,628,000. Stifel Financial Corp lifted its holdings in iShares BB Rated Corporate Bond ETF by 44.5% in the 4th quarter. Stifel Financial Corp now owns 1,416,283 shares of the company’s stock worth $66,749,000 after buying an additional 435,895 shares in the last quarter. Benjamin Edwards Inc. boosted its position 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 stake in shares of iShares BB Rated Corporate Bond ETF by 239.3% during the third 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. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of iShares BB Rated Corporate Bond ETF by 25.4% during 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 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.