Confluence Investment Management LLC Sells 156,323 Shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Confluence Investment Management LLC reduced its holdings in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 17.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 762,116 shares of the company’s stock after selling 156,323 shares during the quarter. Confluence Investment Management LLC owned 0.09% of iShares BB Rated Corporate Bond ETF worth $36,086,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sheets Smith Wealth Management grew its position in shares of iShares BB Rated Corporate Bond ETF by 5.0% in the 1st quarter. Sheets Smith Wealth Management now owns 12,511 shares of the company’s stock valued at $579,000 after purchasing an additional 600 shares during the period. CENTRAL TRUST Co acquired a new position in shares of iShares BB Rated Corporate Bond ETF in the third quarter valued at approximately $46,000. Concourse Financial Group Securities Inc. boosted its holdings in shares of iShares BB Rated Corporate Bond ETF by 3.5% in the third quarter. Concourse Financial Group Securities Inc. now owns 39,582 shares of the company’s stock valued at $1,874,000 after buying an additional 1,348 shares during the period. Cetera Investment Advisers increased its position in shares of iShares BB Rated Corporate Bond ETF by 5.0% during the second quarter. Cetera Investment Advisers now owns 32,924 shares of the company’s stock worth $1,515,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of iShares BB Rated Corporate Bond ETF by 32.8% during the first quarter. Cetera Advisors LLC now owns 9,940 shares of the company’s stock worth $460,000 after acquiring an additional 2,455 shares during the period.

iShares BB Rated Corporate Bond ETF Trading Up 0.4 %

Shares of NYSEARCA HYBB opened at $46.67 on Friday. The company has a fifty day moving average price of $46.87 and a 200 day moving average price of $46.39. The firm has a market cap of $389.66 million, a PE ratio of 59.99 and a beta of 0.32. iShares BB Rated Corporate Bond ETF has a 1-year low of $44.04 and a 1-year high of $47.42.

iShares BB Rated Corporate Bond ETF Company 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.