Stifel Financial Corp Has $113.82 Million Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Stifel Financial Corp decreased its holdings in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,403,739 shares of the company’s stock after selling 520,442 shares during the quarter. Stifel Financial Corp owned about 28.79% of iShares BB Rated Corporate Bond ETF worth $113,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CENTRAL TRUST Co bought a new position in shares of iShares BB Rated Corporate Bond ETF in the third quarter valued at about $46,000. WFA of San Diego LLC grew its stake in iShares BB Rated Corporate Bond ETF by 5.9% during the third quarter. WFA of San Diego LLC now owns 4,719 shares of the company’s stock worth $223,000 after purchasing an additional 264 shares during the period. Cetera Advisors LLC boosted its holdings in iShares BB Rated Corporate Bond ETF by 32.8% in 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 in the last quarter. Heritage Family Offices LLP acquired a new position in iShares BB Rated Corporate Bond ETF during the 2nd quarter valued at about $462,000. Finally, Fiduciary Financial Group LLC purchased a new stake in iShares BB Rated Corporate Bond ETF in the 2nd quarter valued at about $466,000.

iShares BB Rated Corporate Bond ETF Stock Up 0.0 %

iShares BB Rated Corporate Bond ETF stock opened at $46.78 on Friday. iShares BB Rated Corporate Bond ETF has a twelve month low of $45.06 and a twelve month high of $47.42. The firm has a 50 day moving average price of $46.73 and a 200-day moving average price of $46.52. The company has a market capitalization of $390.61 million, a P/E ratio of 59.99 and a beta of 0.32.

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.