Confluence Wealth Services Inc. Sells 26,680 Shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Confluence Wealth Services Inc. lowered its stake in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 69.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,950 shares of the company’s stock after selling 26,680 shares during the period. Confluence Wealth Services Inc. owned approximately 0.14% of iShares BB Rated Corporate Bond ETF worth $566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its holdings in iShares BB Rated Corporate Bond ETF by 11.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,013,076 shares of the company’s stock worth $92,642,000 after acquiring an additional 199,239 shares in the last quarter. Confluence Investment Management LLC lifted its stake in iShares BB Rated Corporate Bond ETF by 13.9% during the second quarter. Confluence Investment Management LLC now owns 918,439 shares of the company’s stock worth $42,267,000 after purchasing an additional 111,774 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of iShares BB Rated Corporate Bond ETF by 3.8% in the second quarter. Benjamin Edwards Inc. now owns 158,964 shares of the company’s stock valued at $7,316,000 after acquiring an additional 5,791 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares BB Rated Corporate Bond ETF by 173.2% during the second quarter. Envestnet Asset Management Inc. now owns 128,875 shares of the company’s stock worth $5,931,000 after purchasing an additional 81,711 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in iShares BB Rated Corporate Bond ETF by 12.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 68,496 shares of the company’s stock worth $3,168,000 after acquiring an additional 7,419 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Price Performance

Shares of NYSEARCA HYBB opened at $46.21 on Monday. iShares BB Rated Corporate Bond ETF has a 1-year low of $43.90 and a 1-year high of $47.42. The stock has a fifty day moving average price of $46.91 and a 200 day moving average price of $46.37. The company has a market cap of $385.85 million, a PE ratio of 59.99 and a beta of 0.32.

iShares BB Rated Corporate Bond ETF Profile

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.