Janney Montgomery Scott LLC Decreases Holdings in iShares BB Rated Corporate Bond ETF $HYBB

Janney Montgomery Scott LLC decreased its stake in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 19.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,907 shares of the company’s stock after selling 16,916 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares BB Rated Corporate Bond ETF were worth $3,250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Confluence Investment Management LLC grew its stake in shares of iShares BB Rated Corporate Bond ETF by 60.1% during the 4th quarter. Confluence Investment Management LLC now owns 433,506 shares of the company’s stock worth $20,431,000 after acquiring an additional 162,677 shares during the period. Valmark Advisers Inc. purchased a new stake in iShares BB Rated Corporate Bond ETF in the 4th quarter worth about $68,628,000. Victory Capital Management Inc. raised its stake in iShares BB Rated Corporate Bond ETF by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 336,500 shares of the company’s stock valued at $15,920,000 after acquiring an additional 14,500 shares during the period. Benjamin Edwards Inc. raised its stake in iShares BB Rated Corporate Bond ETF by 47.9% in the 4th quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock valued at $50,959,000 after acquiring an additional 349,980 shares during the period. Finally, Commons Capital LLC purchased a new stake in iShares BB Rated Corporate Bond ETF during the fourth quarter valued at about $585,000.

iShares BB Rated Corporate Bond ETF Stock Down 0.0%

Shares of NYSEARCA:HYBB opened at $46.66 on Wednesday. The firm has a market capitalization of $410.61 million, a PE ratio of 59.99 and a beta of 0.37. iShares BB Rated Corporate Bond ETF has a twelve month low of $45.92 and a twelve month high of $47.51. The company has a 50-day moving average price of $46.65 and a two-hundred day moving average price of $46.87.

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.