iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Sees Strong Trading Volume – Here’s What Happened

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw unusually-high trading volume on Wednesday . Approximately 252,681 shares changed hands during mid-day trading, an increase of 183% from the previous session’s volume of 89,233 shares.The stock last traded at $47.3820 and had previously closed at $47.35.

iShares BB Rated Corporate Bond ETF Price Performance

The company has a market cap of $533.19 million, a PE ratio of 59.99 and a beta of 0.39. The business has a fifty day simple moving average of $47.23 and a two-hundred day simple moving average of $47.15.

Institutional Trading of iShares BB Rated Corporate Bond ETF

A number of institutional investors have recently modified their holdings of HYBB. Public Employees Retirement System of Ohio acquired a new stake in iShares BB Rated Corporate Bond ETF in the fourth quarter valued at approximately $101,049,000. Valmark Advisers Inc. purchased a new stake in shares of iShares BB Rated Corporate Bond ETF during the 4th quarter valued at $68,628,000. Stifel Financial Corp boosted its position in shares of iShares BB Rated Corporate Bond ETF by 44.5% in the 4th quarter. Stifel Financial Corp now owns 1,416,283 shares of the company’s stock worth $66,749,000 after purchasing an additional 435,895 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of iShares BB Rated Corporate Bond ETF by 136.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 731,275 shares of the company’s stock worth $34,596,000 after purchasing an additional 422,349 shares in the last quarter. Finally, Confluence Investment Management LLC grew its stake in iShares BB Rated Corporate Bond ETF by 239.3% during the 3rd quarter. Confluence Investment Management LLC now owns 270,829 shares of the company’s stock worth $12,813,000 after buying an additional 191,003 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.