Janney Montgomery Scott LLC Sells 16,916 Shares of iShares BB Rated Corporate Bond ETF $HYBB

Janney Montgomery Scott LLC trimmed its position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 19.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,907 shares of the company’s stock after selling 16,916 shares during the quarter. Janney Montgomery Scott LLC owned 0.64% of iShares BB Rated Corporate Bond ETF worth $3,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HYBB. Public Employees Retirement System of Ohio bought a new position in shares of iShares BB Rated Corporate Bond ETF during the fourth quarter valued at about $101,049,000. Valmark Advisers Inc. purchased a new stake in iShares BB Rated Corporate Bond ETF in the 4th quarter valued at about $68,628,000. Stifel Financial Corp lifted its position in shares of iShares BB Rated Corporate Bond ETF by 44.5% during the 4th quarter. Stifel Financial Corp now owns 1,416,283 shares of the company’s stock worth $66,749,000 after buying an additional 435,895 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of iShares BB Rated Corporate Bond ETF by 47.9% during the 4th quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock worth $50,959,000 after buying an additional 349,980 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of iShares BB Rated Corporate Bond ETF by 60.1% during the 4th quarter. Confluence Investment Management LLC now owns 433,506 shares of the company’s stock worth $20,431,000 after buying an additional 162,677 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Stock Down 0.0%

HYBB stock opened at $46.66 on Wednesday. The firm has a market cap of $410.61 million, a PE ratio of 59.99 and a beta of 0.37. The business has a 50 day moving average of $46.65 and a 200-day moving average of $46.87. iShares BB Rated Corporate Bond ETF has a 12-month low of $45.92 and a 12-month 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.