Envestnet Asset Management Inc. Trims Stake in iShares BB Rated Corporate Bond ETF $HYBB

Envestnet Asset Management Inc. lowered its position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 13.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 119,540 shares of the company’s stock after selling 17,850 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares BB Rated Corporate Bond ETF were worth $5,618,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Nottingham Advisors Inc. grew its position in iShares BB Rated Corporate Bond ETF by 3.9% during the second quarter. Nottingham Advisors Inc. now owns 36,543 shares of the company’s stock worth $1,718,000 after buying an additional 1,369 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of iShares BB Rated Corporate Bond ETF by 10.0% during the 2nd quarter. Mutual Advisors LLC now owns 16,666 shares of the company’s stock valued at $780,000 after acquiring an additional 1,519 shares during the last quarter. RMR Capital Management LLC grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 2.8% during the second quarter. RMR Capital Management LLC now owns 18,121 shares of the company’s stock worth $852,000 after purchasing an additional 495 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 61.7% during the first quarter. Focus Partners Advisor Solutions LLC now owns 10,929 shares of the company’s stock worth $505,000 after purchasing an additional 4,171 shares in the last quarter. Finally, Laffer Tengler Investments Inc. increased its position in shares of iShares BB Rated Corporate Bond ETF by 48.5% in the first quarter. Laffer Tengler Investments Inc. now owns 20,012 shares of the company’s stock worth $925,000 after purchasing an additional 6,533 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Price Performance

Shares of HYBB opened at $47.18 on Thursday. iShares BB Rated Corporate Bond ETF has a 1-year low of $42.72 and a 1-year high of $47.51. The company has a market capitalization of $408.11 million, a P/E ratio of 59.99 and a beta of 0.39. The firm’s 50 day simple moving average is $47.16 and its 200 day simple moving average is $46.75.

About iShares BB Rated Corporate Bond ETF

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.