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

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

iShares BB Rated Corporate Bond ETF Stock Performance

The firm’s 50-day moving average price is $46.71 and its two-hundred day moving average price is $46.90. The firm has a market cap of $421.91 million, a PE ratio of 59.99 and a beta of 0.37.

Institutional Investors Weigh In On iShares BB Rated Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its position in iShares BB Rated Corporate Bond ETF by 45.3% in the fourth quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after acquiring an additional 278 shares during the last quarter. IFP Advisors Inc boosted its position in shares of iShares BB Rated Corporate Bond ETF by 29.8% in the 3rd quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock valued at $61,000 after purchasing an additional 298 shares during the period. Royal Bank of Canada grew its stake in iShares BB Rated Corporate Bond ETF by 661.3% during the 1st quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock worth $68,000 after buying an additional 1,263 shares during the last quarter. Bank of America Corp DE grew its stake in iShares BB Rated Corporate Bond ETF by 12.2% during the 2nd quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after buying an additional 369 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in iShares BB Rated Corporate Bond ETF by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock worth $188,000 after buying an additional 440 shares during the last quarter.

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.