Bank Julius Baer & Co. Ltd Zurich Reduces Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 320,249 shares of the company’s stock after selling 3,807 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.06% of iShares BB Rated Corporate Bond ETF worth $14,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of HYBB. Sheets Smith Wealth Management lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 8.0% during the 3rd quarter. Sheets Smith Wealth Management now owns 13,911 shares of the company’s stock valued at $609,000 after buying an additional 1,025 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 15.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 56,349 shares of the company’s stock valued at $2,466,000 after buying an additional 7,575 shares in the last quarter. Visionary Wealth Advisors lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 6.2% during the 3rd quarter. Visionary Wealth Advisors now owns 34,353 shares of the company’s stock valued at $1,504,000 after buying an additional 2,016 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 8.3% during the 3rd quarter. Stifel Financial Corp now owns 1,590,545 shares of the company’s stock valued at $69,618,000 after buying an additional 122,533 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in iShares BB Rated Corporate Bond ETF by 1.5% in the 4th quarter. Mutual Advisors LLC now owns 17,072 shares of the company’s stock valued at $785,000 after acquiring an additional 260 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Stock Up 0.2 %

NYSEARCA HYBB traded up $0.11 on Friday, reaching $45.60. The company had a trading volume of 48,368 shares, compared to its average volume of 45,218. The stock has a market capitalization of $369.36 million, a PE ratio of 59.99 and a beta of 0.31. The firm’s 50 day moving average price is $45.83 and its 200 day moving average price is $45.36. iShares BB Rated Corporate Bond ETF has a 12 month low of $42.73 and a 12 month high of $46.38.

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.