Focus Partners Advisor Solutions LLC Has $2.09 Million Position in iShares BB Rated Corporate Bond ETF $HYBB

Focus Partners Advisor Solutions LLC raised its stake in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 304.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 44,388 shares of the company’s stock after purchasing an additional 33,418 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in iShares BB Rated Corporate Bond ETF were worth $2,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 136.7% during 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 period. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of iShares BB Rated Corporate Bond ETF by 25.4% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 274,526 shares of the company’s stock worth $12,903,000 after acquiring an additional 55,578 shares during the last quarter. Confluence Investment Management LLC raised its holdings 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 worth $12,813,000 after acquiring an additional 191,003 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in iShares BB Rated Corporate Bond ETF by 13.0% during the third quarter. Envestnet Asset Management Inc. now owns 135,096 shares of the company’s stock valued at $6,391,000 after purchasing an additional 15,556 shares during the last quarter. Finally, Nottingham Advisors Inc. grew its stake in iShares BB Rated Corporate Bond ETF by 1.4% in the third quarter. Nottingham Advisors Inc. now owns 37,061 shares of the company’s stock valued at $1,753,000 after purchasing an additional 518 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Price Performance

Shares of HYBB stock opened at $47.00 on Thursday. iShares BB Rated Corporate Bond ETF has a fifty-two week low of $42.72 and a fifty-two week high of $47.51. The stock’s 50-day moving average is $47.25 and its two-hundred day moving average is $47.16. The firm has a market cap of $528.75 million, a P/E ratio of 59.99 and a beta of 0.39.

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.