Boston Financial Mangement LLC decreased its holdings in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Get Rating) by 24.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,469 shares of the company's stock after selling 3,107 shares during the period. Boston Financial Mangement LLC owned 0.13% of iShares BB Rated Corporate Bond ETF worth $420,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of HYBB. UBS Group AG bought a new position in iShares BB Rated Corporate Bond ETF in the 3rd quarter worth approximately $43,000. Envestnet Asset Management Inc. bought a new stake in shares of iShares BB Rated Corporate Bond ETF during the 2nd quarter valued at $387,000. Mutual Advisors LLC bought a new stake in shares of iShares BB Rated Corporate Bond ETF during the fourth quarter valued at about $415,000. Sheets Smith Wealth Management lifted its holdings in shares of iShares BB Rated Corporate Bond ETF by 2.4% in the third quarter. Sheets Smith Wealth Management now owns 33,504 shares of the company's stock worth $1,442,000 after buying an additional 798 shares in the last quarter. Finally, Visionary Wealth Advisors boosted its position in shares of iShares BB Rated Corporate Bond ETF by 89.2% in the third quarter. Visionary Wealth Advisors now owns 37,891 shares of the company's stock valued at $1,631,000 after acquiring an additional 17,867 shares during the period.
Get iShares BB Rated Corporate Bond ETF alerts:iShares BB Rated Corporate Bond ETF Trading Up 0.5 %
iShares BB Rated Corporate Bond ETF stock opened at $45.08 on Monday. iShares BB Rated Corporate Bond ETF has a 1-year low of $42.70 and a 1-year high of $48.54. The firm has a market capitalization of $284.00 million, a PE ratio of 59.99 and a beta of 0.42. The firm's 50 day simple moving average is $44.65 and its 200 day simple moving average is $44.54.
About iShares BB Rated Corporate Bond ETF
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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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