iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Get Free Report)’s share price were up 0.2% during mid-day trading on Thursday . The stock traded as high as $47.19 and last traded at $47.11. Approximately 42,715 shares traded hands during trading, a decline of 44% from the average daily volume of 76,581 shares. The stock had previously closed at $47.03.
iShares BB Rated Corporate Bond ETF Price Performance
The stock has a market capitalization of $407.50 million, a P/E ratio of 59.99 and a beta of 0.39. The stock’s 50-day simple moving average is $47.09 and its 200 day simple moving average is $46.93.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in iShares BB Rated Corporate Bond ETF by 29.8% during the third quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock worth $61,000 after acquiring an additional 298 shares during the last quarter. Bank of America Corp DE increased its stake in shares of iShares BB Rated Corporate Bond ETF by 12.2% during the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after purchasing an additional 369 shares during the period. Zuckerman Investment Group LLC increased its stake in shares of iShares BB Rated Corporate Bond ETF by 2.6% during the third quarter. Zuckerman Investment Group LLC now owns 16,855 shares of the company’s stock worth $797,000 after purchasing an additional 429 shares during the period. Raymond James Financial Inc. lifted its holdings in iShares BB Rated Corporate Bond ETF by 3.9% during the 3rd quarter. Raymond James Financial Inc. now owns 11,406 shares of the company’s stock worth $540,000 after purchasing an additional 429 shares during the last quarter. Finally, RMR Capital Management LLC lifted its holdings in iShares BB Rated Corporate Bond ETF by 2.8% during the 2nd quarter. RMR Capital Management LLC now owns 18,121 shares of the company’s stock worth $852,000 after purchasing an additional 495 shares during the last quarter.
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.
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