iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Trading Down 0% – Here’s What Happened

Shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) traded down 0% on Tuesday . The stock traded as low as $46.62 and last traded at $46.62. Approximately 7,369 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 91,649 shares. The stock had previously closed at $46.63.

iShares BB Rated Corporate Bond ETF Trading Up 0.3%

The business has a 50 day simple moving average of $46.71 and a two-hundred day simple moving average of $46.89. The company has a market cap of $423.54 million, a PE ratio of 59.99 and a beta of 0.37.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

A number of large investors have recently bought and sold shares of HYBB. CWM LLC boosted its holdings in iShares BB Rated Corporate Bond ETF by 45.3% in the fourth quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after acquiring an additional 278 shares during the last quarter. IFP Advisors Inc boosted its holdings in iShares BB Rated Corporate Bond ETF by 29.8% in the 3rd quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock worth $61,000 after acquiring an additional 298 shares during the period. Royal Bank of Canada grew its holdings in iShares BB Rated Corporate Bond ETF by 661.3% during the 1st quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock valued at $68,000 after purchasing an additional 1,263 shares in the last quarter. Bank of America Corp DE grew its stake in shares of iShares BB Rated Corporate Bond ETF by 12.2% during the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock valued at $159,000 after acquiring an additional 369 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock valued at $188,000 after buying an additional 440 shares during the last quarter.

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.