WFA of San Diego LLC Raises Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

WFA of San Diego LLC lifted its stake in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,719 shares of the company’s stock after acquiring an additional 264 shares during the period. WFA of San Diego LLC’s holdings in iShares BB Rated Corporate Bond ETF were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in shares of iShares BB Rated Corporate Bond ETF by 83.6% during the third quarter. Janney Montgomery Scott LLC now owns 44,836 shares of the company’s stock valued at $2,123,000 after purchasing an additional 20,410 shares during the period. Farther Finance Advisors LLC purchased a new stake in iShares BB Rated Corporate Bond ETF during the 3rd quarter worth $1,163,000. Andina Capital Management LLC lifted its holdings in iShares BB Rated Corporate Bond ETF by 26.8% in the 3rd quarter. Andina Capital Management LLC now owns 38,123 shares of the company’s stock worth $1,805,000 after buying an additional 8,047 shares in the last quarter. CENTRAL TRUST Co purchased a new position in iShares BB Rated Corporate Bond ETF in the 3rd quarter valued at about $46,000. Finally, Nottingham Advisors Inc. grew its stake in shares of iShares BB Rated Corporate Bond ETF by 16.4% during the third quarter. Nottingham Advisors Inc. now owns 34,260 shares of the company’s stock valued at $1,622,000 after acquiring an additional 4,835 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of NYSEARCA HYBB opened at $46.83 on Thursday. iShares BB Rated Corporate Bond ETF has a 1 year low of $44.79 and a 1 year high of $47.42. The stock’s 50-day simple moving average is $46.78 and its 200-day simple moving average is $46.49. The firm has a market cap of $391.03 million, a price-to-earnings ratio of 59.99 and a beta of 0.32.

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.