Benjamin F. Edwards & Company Inc. Raises Stake in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Benjamin F. Edwards & Company Inc. lifted its position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,255,034 shares of the company’s stock after acquiring an additional 225,553 shares during the quarter. iShares BB Rated Corporate Bond ETF accounts for approximately 1.2% of Benjamin F. Edwards & Company Inc.’s investment portfolio, making the stock its 11th largest holding. Benjamin F. Edwards & Company Inc. owned approximately 22.41% of iShares BB Rated Corporate Bond ETF worth $57,744,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HYBB. Janney Montgomery Scott LLC raised its holdings 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of iShares BB Rated Corporate Bond ETF by 400.4% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 324,056 shares of the company’s stock worth $14,184,000 after acquiring an additional 259,291 shares during the last quarter. Visionary Wealth Advisors grew its stake in shares of iShares BB Rated Corporate Bond ETF by 6.2% during the third quarter. Visionary Wealth Advisors now owns 34,353 shares of the company’s stock worth $1,504,000 after acquiring an additional 2,016 shares during the last quarter. Stifel Financial Corp grew its stake in shares of iShares BB Rated Corporate Bond ETF by 8.3% during the third quarter. Stifel Financial Corp now owns 1,590,545 shares of the company’s stock worth $69,618,000 after acquiring an additional 122,533 shares during the last quarter. Finally, Mutual Advisors LLC boosted its position 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 buying an additional 260 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Stock Performance

NYSEARCA HYBB traded up $0.22 during trading hours on Thursday, reaching $45.71. The stock had a trading volume of 20,722 shares, compared to its average volume of 43,959. The stock has a fifty day moving average of $45.81 and a 200 day moving average of $45.42. The stock has a market cap of $370.25 million, a P/E ratio of 59.99 and a beta of 0.31. iShares BB Rated Corporate Bond ETF has a 52-week low of $42.73 and a 52-week high of $46.38.

iShares BB Rated Corporate Bond ETF Company Profile

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.