Benjamin Edwards Inc. Has $5.86 Million Stock Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Benjamin Edwards Inc. grew its holdings in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 35.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 127,447 shares of the company’s stock after buying an additional 33,212 shares during the period. iShares BB Rated Corporate Bond ETF comprises about 1.3% of Benjamin Edwards Inc.’s investment portfolio, making the stock its 8th biggest position. Benjamin Edwards Inc.’s holdings in iShares BB Rated Corporate Bond ETF were worth $5,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its position in shares of iShares BB Rated Corporate Bond ETF by 15.5% in the third quarter. Janney Montgomery Scott LLC now owns 56,349 shares of the company’s stock valued at $2,466,000 after acquiring an additional 7,575 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of iShares BB Rated Corporate Bond ETF by 400.4% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 324,056 shares of the company’s stock valued at $14,184,000 after acquiring an additional 259,291 shares during the period. Visionary Wealth Advisors raised its stake in iShares BB Rated Corporate Bond ETF by 6.2% in the third quarter. Visionary Wealth Advisors now owns 34,353 shares of the company’s stock valued at $1,504,000 after purchasing an additional 2,016 shares in the last quarter. Stifel Financial Corp raised its stake in iShares BB Rated Corporate Bond ETF by 8.3% in the third quarter. Stifel Financial Corp now owns 1,590,545 shares of the company’s stock valued at $69,618,000 after purchasing an additional 122,533 shares in the last quarter. Finally, Mutual Advisors LLC raised its stake in iShares BB Rated Corporate Bond ETF by 1.5% in the fourth quarter. Mutual Advisors LLC now owns 17,072 shares of the company’s stock valued at $785,000 after purchasing an additional 260 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Trading Up 0.4 %

Shares of HYBB stock traded up $0.17 during trading hours on Thursday, hitting $45.66. 16,760 shares of the company’s stock were exchanged, compared to its average volume of 43,911. The company has a market capitalization of $369.85 million, a PE ratio of 59.99 and a beta of 0.31. iShares BB Rated Corporate Bond ETF has a 12-month low of $42.73 and a 12-month high of $46.38. The business’s 50 day simple moving average is $45.81 and its 200-day simple moving average is $45.42.

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.