iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Sees Unusually-High Trading Volume – Still a Buy?

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBBGet Free Report) shares saw an uptick in trading volume on Monday . 170,357 shares traded hands 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 Up 0.1%

The stock’s fifty day moving average price is $47.00 and its two-hundred day moving average price is $47.09. The firm has a market capitalization of $518.06 million, a price-to-earnings ratio of 59.99 and a beta of 0.39.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

Large investors have recently bought and sold shares of the business. WFA of San Diego LLC lifted its holdings in iShares BB Rated Corporate Bond ETF by 10.5% during the 4th quarter. WFA of San Diego LLC now owns 24,326 shares of the company’s stock worth $1,146,000 after buying an additional 2,309 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of iShares BB Rated Corporate Bond ETF by 12.4% in the 4th quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock valued at $188,000 after acquiring an additional 440 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of iShares BB Rated Corporate Bond ETF in the 4th quarter valued at about $101,049,000. &PARTNERS acquired a new stake in shares of iShares BB Rated Corporate Bond ETF during the 4th quarter worth about $273,000. Finally, Mariner LLC raised its position in shares of iShares BB Rated Corporate Bond ETF by 90.6% during the 4th quarter. Mariner LLC now owns 9,337 shares of the company’s stock worth $440,000 after acquiring an additional 4,437 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Company Profile

(Get Free Report)

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.

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