Lido Advisors LLC Acquires New Stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF $XBB

Lido Advisors LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 261,997 shares of the company’s stock, valued at approximately $10,353,000. Lido Advisors LLC owned approximately 1.85% of BondBloxx BB Rated USD High Yield Corporate Bond ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XBB. Kestra Advisory Services LLC grew its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 29.8% during the first quarter. Kestra Advisory Services LLC now owns 5,696 shares of the company’s stock worth $232,000 after buying an additional 1,309 shares in the last quarter. GK Wealth Management LLC acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the second quarter valued at $284,000. CGN Advisors LLC boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% during the 2nd quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock valued at $596,000 after acquiring an additional 885 shares during the last quarter. Partners Wealth Management LLC bought a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 3rd quarter valued at $737,000. Finally, Envestnet Asset Management Inc. boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 56.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 21,148 shares of the company’s stock valued at $867,000 after acquiring an additional 7,640 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance

Shares of XBB stock opened at $39.85 on Thursday. The firm has a market cap of $565.87 million, a P/E ratio of 59.99 and a beta of 0.39. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1-year low of $39.11 and a 1-year high of $41.61. The firm has a fifty day moving average of $39.86 and a two-hundred day moving average of $40.63.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

The BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of BB (or its equivalent), based on an average of three main credit rating providers. XBB was launched on May 24, 2022 and is managed by BondBloxx.