Confluence Investment Management LLC Raises Holdings in iShares BB Rated Corporate Bond ETF $HYBB

Confluence Investment Management LLC lifted its stake in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 239.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 270,829 shares of the company’s stock after purchasing an additional 191,003 shares during the quarter. Confluence Investment Management LLC’s holdings in iShares BB Rated Corporate Bond ETF were worth $12,813,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in iShares BB Rated Corporate Bond ETF by 25.4% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 274,526 shares of the company’s stock valued at $12,903,000 after purchasing an additional 55,578 shares in the last quarter. Nottingham Advisors Inc. grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 3.9% during the second quarter. Nottingham Advisors Inc. now owns 36,543 shares of the company’s stock valued at $1,718,000 after buying an additional 1,369 shares during the last quarter. WFA of San Diego LLC acquired a new position in shares of iShares BB Rated Corporate Bond ETF in the 2nd quarter valued at $936,000. RMR Capital Management LLC increased its position in shares of iShares BB Rated Corporate Bond ETF by 2.8% in the 2nd quarter. RMR Capital Management LLC now owns 18,121 shares of the company’s stock valued at $852,000 after acquiring an additional 495 shares during the period. Finally, Heritage Family Offices LLP raised its stake in iShares BB Rated Corporate Bond ETF by 14.1% in the 3rd quarter. Heritage Family Offices LLP now owns 17,398 shares of the company’s stock worth $823,000 after acquiring an additional 2,144 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of HYBB opened at $47.01 on Tuesday. The stock has a 50-day moving average of $47.10 and a two-hundred day moving average of $46.95. The stock has a market cap of $406.64 million, a P/E ratio of 59.99 and a beta of 0.39. iShares BB Rated Corporate Bond ETF has a one year low of $42.72 and a one year high of $47.51.

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.