Farther Finance Advisors LLC Reduces Stock Position in iShares BB Rated Corporate Bond ETF $HYBB

Farther Finance Advisors LLC lessened its position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 17.3% during the 2nd quarter, Holdings Channel reports. The firm owned 17,491 shares of the company’s stock after selling 3,656 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares BB Rated Corporate Bond ETF were worth $822,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in HYBB. North Star Investment Management Corp. purchased a new stake in iShares BB Rated Corporate Bond ETF during the 1st quarter valued at about $26,000. NBC Securities Inc. boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 138,100.0% in the first quarter. NBC Securities Inc. now owns 1,382 shares of the company’s stock worth $63,000 after buying an additional 1,381 shares during the last quarter. Partners Capital Investment Group LLP boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 100.0% in the first quarter. Partners Capital Investment Group LLP now owns 9,102 shares of the company’s stock worth $421,000 after buying an additional 4,551 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 61.7% in the first quarter. Focus Partners Advisor Solutions LLC now owns 10,929 shares of the company’s stock worth $505,000 after buying an additional 4,171 shares during the last quarter. Finally, Fiduciary Financial Group LLC boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 6.0% in the first quarter. Fiduciary Financial Group LLC now owns 12,639 shares of the company’s stock worth $568,000 after buying an additional 720 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Stock Down 0.2%

Shares of HYBB opened at $47.20 on Friday. iShares BB Rated Corporate Bond ETF has a 52 week low of $42.72 and a 52 week high of $47.47. The company has a market capitalization of $287.92 million, a price-to-earnings ratio of 59.99 and a beta of 0.42. The stock’s 50-day moving average price is $46.99 and its 200-day moving average price is $46.42.

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.