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

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) shares saw unusually-high trading volume on Friday . Approximately 122,067 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 112,198 shares.The stock last traded at $47.3690 and had previously closed at $47.31.

iShares BB Rated Corporate Bond ETF Price Performance

The firm has a 50-day moving average of $47.14 and a 200 day moving average of $47.05. The stock has a market capitalization of $551.34 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

A number of institutional investors have recently bought and sold shares of HYBB. Confluence Investment Management LLC lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 60.1% during the 4th quarter. Confluence Investment Management LLC now owns 433,506 shares of the company’s stock worth $20,431,000 after buying an additional 162,677 shares during the last quarter. Commons Capital LLC bought a new position in iShares BB Rated Corporate Bond ETF in the 4th quarter valued at about $585,000. IFP Advisors Inc lifted its position in iShares BB Rated Corporate Bond ETF by 29.8% during the third 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 last quarter. Bank of America Corp DE lifted its position in iShares BB Rated Corporate Bond ETF by 390.1% during the third quarter. Bank of America Corp DE now owns 16,625 shares of the company’s stock worth $787,000 after acquiring an additional 13,233 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of iShares BB Rated Corporate Bond ETF by 3.9% during the third quarter. Raymond James Financial Inc. now owns 11,406 shares of the company’s stock worth $540,000 after acquiring an additional 429 shares during the period.

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.