BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB – Get Free Report)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $40.09 and last traded at $40.0990, with a volume of 2701 shares trading hands. The stock had previously closed at $40.26.
BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Down 0.6%
The firm has a 50 day moving average of $40.58 and a 200-day moving average of $40.75. The company has a market cap of $510.32 million, a P/E ratio of 59.99 and a beta of 0.39.
Institutional Trading of BondBloxx BB Rated USD High Yield Corporate Bond ETF
A number of hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 10.1% during the 2nd quarter. IFP Advisors Inc now owns 78,747 shares of the company’s stock worth $3,228,000 after acquiring an additional 7,253 shares in the last quarter. Atwood & Palmer Inc. boosted its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.4% during the second quarter. Atwood & Palmer Inc. now owns 507,082 shares of the company’s stock valued at $20,788,000 after purchasing an additional 7,067 shares in the last quarter. GK Wealth Management LLC purchased a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF during the second quarter valued at approximately $284,000. CGN Advisors LLC raised its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock worth $596,000 after buying an additional 885 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% during the first quarter. Lido Advisors LLC now owns 226,571 shares of the company’s stock worth $9,219,000 after buying an additional 42,003 shares during the period.
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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