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

Confluence Investment Management LLC grew its position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 60.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 433,506 shares of the company’s stock after acquiring an additional 162,677 shares during the quarter. Confluence Investment Management LLC owned about 4.11% of iShares BB Rated Corporate Bond ETF worth $20,431,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. 1620 Investment Advisors Inc. acquired a new position in iShares BB Rated Corporate Bond ETF in the 3rd quarter valued at $35,000. IFP Advisors Inc grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 29.8% during the third quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock worth $61,000 after buying an additional 298 shares in the last quarter. Bank of America Corp DE raised its position in shares of iShares BB Rated Corporate Bond ETF by 12.2% in the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock valued at $159,000 after buying an additional 369 shares during the last quarter. Comerica Bank purchased a new position in shares of iShares BB Rated Corporate Bond ETF in the third quarter worth about $296,000. Finally, Zhang Financial LLC boosted its position in iShares BB Rated Corporate Bond ETF by 49.7% during the third quarter. Zhang Financial LLC now owns 6,456 shares of the company’s stock worth $305,000 after acquiring an additional 2,142 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Trading Up 0.2%

HYBB stock opened at $46.52 on Friday. The firm has a 50-day moving average of $47.12 and a two-hundred day moving average of $47.13. iShares BB Rated Corporate Bond ETF has a 12 month low of $42.72 and a 12 month high of $47.51. The company has a market cap of $523.35 million, a price-to-earnings ratio of 59.99 and a beta of 0.39.

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.