Freedom Investment Management Inc. bought a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (NYSEARCA:BBBI – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 35,458 shares of the company’s stock, valued at approximately $1,828,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of BBBI. CWM LLC acquired a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 2nd quarter worth about $74,000. Archer Investment Corp boosted its position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 255.5% during the 1st quarter. Archer Investment Corp now owns 1,923 shares of the company’s stock worth $98,000 after acquiring an additional 1,382 shares in the last quarter. Crew Capital Management Ltd. boosted its position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF by 13.8% during the 1st quarter. Crew Capital Management Ltd. now owns 18,502 shares of the company’s stock worth $941,000 after acquiring an additional 2,239 shares in the last quarter. Finally, Atwood & Palmer Inc. acquired a new position in shares of BondBloxx BBB Rated 5-10 Year Corporate Bond ETF during the 2nd quarter worth about $36,681,000.
BondBloxx BBB Rated 5-10 Year Corporate Bond ETF Stock Performance
NYSEARCA:BBBI opened at $52.62 on Thursday. The stock has a 50-day simple moving average of $52.16 and a 200-day simple moving average of $51.21. The stock has a market cap of $57.88 million, a P/E ratio of 26.20 and a beta of 0.19. BondBloxx BBB Rated 5-10 Year Corporate Bond ETF has a 1 year low of $48.91 and a 1 year high of $52.67.
About BondBloxx BBB Rated 5-10 Year Corporate Bond ETF
The BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of BBB-rated, USD-denominated corporate bonds maturing between 5-10 years. BBBI was launched on Jan 25, 2024 and is issued by BondBloxx.
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