Potomac Fund Management Inc. ADV boosted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB – Free Report) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,174,307 shares of the company’s stock after purchasing an additional 169,347 shares during the quarter. BondBloxx BB Rated USD High Yield Corporate Bond ETF makes up 1.8% of Potomac Fund Management Inc. ADV’s portfolio, making the stock its 5th biggest holding. Potomac Fund Management Inc. ADV owned 0.12% of BondBloxx BB Rated USD High Yield Corporate Bond ETF worth $48,316,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter valued at $29,000. Kestra Advisory Services LLC acquired a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter valued at about $181,000. GK Wealth Management LLC purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the 4th quarter valued at about $243,000. Envestnet Asset Management Inc. acquired a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the third quarter worth about $389,000. Finally, MML Investors Services LLC raised its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% during the fourth quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock worth $413,000 after acquiring an additional 623 shares during the last quarter.
BondBloxx BB Rated USD High Yield Corporate Bond ETF Price Performance
XBB stock opened at $40.90 on Monday. The company’s 50 day simple moving average is $40.90 and its 200-day simple moving average is $41.06. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12 month low of $40.18 and a 12 month high of $41.61. The firm has a market capitalization of $450.72 million, a PE ratio of 59.99 and a beta of 0.39.
BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile
The BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of BB (or its equivalent), based on an average of three main credit rating providers. XBB was launched on May 24, 2022 and is managed by BondBloxx.
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