Confluence Investment Management LLC Reduces Stock Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Confluence Investment Management LLC trimmed its stake in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 738,106 shares of the company’s stock after selling 24,010 shares during the period. Confluence Investment Management LLC owned approximately 0.09% of iShares BB Rated Corporate Bond ETF worth $33,952,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in iShares BB Rated Corporate Bond ETF by 5.0% in the 2nd quarter. Cetera Investment Advisers now owns 32,924 shares of the company’s stock worth $1,515,000 after purchasing an additional 1,557 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 3.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 158,964 shares of the company’s stock worth $7,316,000 after buying an additional 5,791 shares during the last quarter. WFA of San Diego LLC boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 5.9% in the 3rd quarter. WFA of San Diego LLC now owns 4,719 shares of the company’s stock worth $223,000 after buying an additional 264 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 11.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,013,076 shares of the company’s stock worth $92,642,000 after acquiring an additional 199,239 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in iShares BB Rated Corporate Bond ETF by 173.2% during the second quarter. Envestnet Asset Management Inc. now owns 128,875 shares of the company’s stock valued at $5,931,000 after acquiring an additional 81,711 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Trading Up 0.1 %

HYBB stock traded up $0.06 during trading on Thursday, reaching $46.06. The stock had a trading volume of 8,257 shares, compared to its average volume of 41,896. The firm has a market cap of $384.60 million, a PE ratio of 59.99 and a beta of 0.32. The stock’s 50 day moving average is $46.48 and its two-hundred day moving average is $46.57. iShares BB Rated Corporate Bond ETF has a 52 week low of $45.06 and a 52 week high of $47.42.

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.