iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Sees Large Volume Increase – Should You Buy?

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw unusually-high trading volume on Monday . Approximately 170,357 shares were traded during trading, an increase of 83% from the previous session’s volume of 93,207 shares.The stock last traded at $46.19 and had previously closed at $46.00.

iShares BB Rated Corporate Bond ETF Trading Down 0.2%

The stock’s fifty day simple moving average is $46.96 and its 200 day simple moving average is $47.08. The company has a market cap of $521.89 million, a price-to-earnings ratio of 59.99 and a beta of 0.39.

Institutional Investors Weigh In On iShares BB Rated Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in HYBB. 1620 Investment Advisors Inc. purchased a new position in iShares BB Rated Corporate Bond ETF during the third quarter worth approximately $35,000. CWM LLC grew its holdings in iShares BB Rated Corporate Bond ETF by 45.3% in the 4th quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after buying an additional 278 shares in the last quarter. IFP Advisors Inc increased its stake 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 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% in the 2nd quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after acquiring an additional 369 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of 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 acquiring an additional 440 shares during the period.

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.