Brookstone Capital Management Makes New $5.12 Million Investment in BondBloxx CCC Rated USD High Yield Corporate Bond ETF $XCCC

Brookstone Capital Management acquired a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) in the 4th quarter, HoldingsChannel reports. The fund acquired 134,629 shares of the company’s stock, valued at approximately $5,119,000.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE acquired a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 4th quarter valued at $73,000. Ameritas Advisory Services LLC boosted its stake in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 309.2% during the third quarter. Ameritas Advisory Services LLC now owns 5,115 shares of the company’s stock worth $201,000 after acquiring an additional 3,865 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in BondBloxx CCC Rated USD High Yield Corporate Bond ETF in the third quarter worth $206,000. Dynamic Advisor Solutions LLC grew its holdings in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 8.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 6,468 shares of the company’s stock worth $254,000 after purchasing an additional 525 shares during the period. Finally, WT Wealth Management increased its stake in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 8.3% in the second quarter. WT Wealth Management now owns 7,019 shares of the company’s stock valued at $272,000 after purchasing an additional 537 shares in the last quarter.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Trading Down 0.9%

Shares of NYSEARCA XCCC opened at $36.09 on Thursday. The firm has a market capitalization of $261.65 million, a P/E ratio of 4.02 and a beta of 0.52. The firm’s 50-day moving average price is $37.15 and its 200-day moving average price is $38.00. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a 1-year low of $33.91 and a 1-year high of $39.35.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.2651 per share. This is an increase from BondBloxx CCC Rated USD High Yield Corporate Bond ETF’s previous monthly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 8.8%.

About BondBloxx CCC Rated USD High Yield Corporate Bond ETF

The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of CCC (or its equivalent), based on an average of three main credit rating providers. XCCC was launched on May 24, 2022 and is managed by BondBloxx.