BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Stock Breaks Above 50 Day Moving Average – What’s Next?

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $39.89 and traded as high as $39.90. BondBloxx BB Rated USD High Yield Corporate Bond ETF shares last traded at $39.90, with a volume of 1,008,808 shares.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

The firm has a market cap of $565.87 million, a PE ratio of 59.99 and a beta of 0.39. The firm has a 50-day simple moving average of $39.86 and a 200 day simple moving average of $40.63.

Institutional Trading of BondBloxx BB Rated USD High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XBB. Cetera Investment Advisers lifted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.2% during the 1st quarter. Cetera Investment Advisers now owns 21,953 shares of the company’s stock valued at $893,000 after acquiring an additional 260 shares during the period. CGN Advisors LLC grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock worth $596,000 after purchasing an additional 885 shares during the period. Kestra Advisory Services LLC grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 29.8% in the first quarter. Kestra Advisory Services LLC now owns 5,696 shares of the company’s stock worth $232,000 after purchasing an additional 1,309 shares during the period. GK Wealth Management LLC purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the second quarter worth about $284,000. Finally, Atwood & Palmer Inc. grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.4% in the second quarter. Atwood & Palmer Inc. now owns 507,082 shares of the company’s stock worth $20,788,000 after purchasing an additional 7,067 shares during the period.

About BondBloxx BB Rated USD High Yield Corporate Bond ETF

The BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of BB (or its equivalent), based on an average of three main credit rating providers. XBB was launched on May 24, 2022 and is managed by BondBloxx.