BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Trading Down 0.4% – Time to Sell?

Shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) dropped 0.4% during trading on Friday . The company traded as low as $40.87 and last traded at $40.87. Approximately 307,108 shares were traded during mid-day trading, an increase of 109% from the average daily volume of 146,674 shares. The stock had previously closed at $41.04.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Trading Down 0.4%

The firm has a market cap of $450.39 million, a price-to-earnings ratio of 59.99 and a beta of 0.40. The stock’s fifty day moving average price is $40.90 and its 200-day moving average price is $41.12.

Institutional Investors Weigh In On BondBloxx BB Rated USD High Yield Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 3rd quarter worth $29,000. Kestra Advisory Services LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter valued at about $181,000. GK Wealth Management LLC bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter valued at about $243,000. Envestnet Asset Management Inc. bought a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at about $389,000. Finally, MML Investors Services LLC lifted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% in the 4th quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock valued at $413,000 after purchasing an additional 623 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

The BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of BB (or its equivalent), based on an average of three main credit rating providers. XBB was launched on May 24, 2022 and is managed by BondBloxx.