iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Trading Up 0% – Should You Buy?

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBBGet Free Report)’s stock price were up 0% during trading on Friday . The stock traded as high as $47.35 and last traded at $47.29. Approximately 10,988 shares traded hands during trading, a decline of 89% from the average daily volume of 97,886 shares. The stock had previously closed at $47.28.

iShares BB Rated Corporate Bond ETF Trading Up 0.0%

The firm has a market capitalization of $532.01 million, a price-to-earnings ratio of 59.99 and a beta of 0.39. The business has a 50-day moving average price of $47.19 and a two-hundred day moving average price of $47.11.

Institutional Investors Weigh In On iShares BB Rated Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in HYBB. 1620 Investment Advisors Inc. bought a new position in shares of iShares BB Rated Corporate Bond ETF during the third quarter worth about $35,000. CWM LLC boosted its stake in iShares BB Rated Corporate Bond ETF by 45.3% during the 4th quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after purchasing an additional 278 shares during the period. IFP Advisors Inc grew its position 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 purchasing an additional 298 shares during the last quarter. Bank of America Corp DE grew its position in iShares BB Rated Corporate Bond ETF by 12.2% in the 2nd quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after purchasing an additional 369 shares during the last quarter. Finally, Zhang Financial LLC acquired a new stake in shares of iShares BB Rated Corporate Bond ETF in the second quarter valued at approximately $203,000.

About iShares BB Rated Corporate Bond ETF

(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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