iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 30.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,783 shares of the company’s stock after buying an additional 3,194 shares during the quarter. Bank of New York Mellon Corp owned 0.17% of iShares BB Rated Corporate Bond ETF worth $634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its position in iShares BB Rated Corporate Bond ETF by 1,065.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,852,092 shares of the company’s stock worth $87,696,000 after purchasing an additional 1,693,128 shares during the last quarter. Jane Street Group LLC grew its position in iShares BB Rated Corporate Bond ETF by 80.9% in the 3rd quarter. Jane Street Group LLC now owns 75,419 shares of the company’s stock worth $3,571,000 after purchasing an additional 33,731 shares during the last quarter. RMR Capital Management LLC acquired a new position in iShares BB Rated Corporate Bond ETF in the 4th quarter valued at approximately $811,000. Andina Capital Management LLC raised its stake in shares of iShares BB Rated Corporate Bond ETF by 40.5% in the fourth quarter. Andina Capital Management LLC now owns 53,551 shares of the company’s stock valued at $2,463,000 after purchasing an additional 15,428 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of iShares BB Rated Corporate Bond ETF by 17.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 52,704 shares of the company’s stock worth $2,424,000 after acquiring an additional 7,868 shares during the period.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of NYSEARCA HYBB opened at $46.30 on Thursday. iShares BB Rated Corporate Bond ETF has a 52-week low of $45.07 and a 52-week high of $47.42. The business has a fifty day moving average of $46.48 and a two-hundred day moving average of $46.57. The stock has a market cap of $395.87 million, a PE ratio of 59.99 and a beta of 0.41.

About iShares BB Rated Corporate Bond ETF

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.