Cetera Investment Advisers Raises Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Cetera Investment Advisers grew its holdings in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 180.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,167 shares of the company’s stock after purchasing an additional 52,886 shares during the period. Cetera Investment Advisers owned approximately 1.81% of iShares BB Rated Corporate Bond ETF worth $3,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HYBB. JPMorgan Chase & Co. acquired a new position in shares of iShares BB Rated Corporate Bond ETF in the 4th quarter valued at $40,000. Envestnet Asset Management Inc. increased its position in shares of iShares BB Rated Corporate Bond ETF by 3.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 114,732 shares of the company’s stock valued at $5,278,000 after acquiring an additional 3,600 shares during the period. Zuckerman Investment Group LLC increased its position in shares of iShares BB Rated Corporate Bond ETF by 6.3% in the 4th quarter. Zuckerman Investment Group LLC now owns 15,205 shares of the company’s stock valued at $705,000 after acquiring an additional 903 shares during the period. Mariner LLC acquired a new position in shares of iShares BB Rated Corporate Bond ETF in the 4th quarter valued at $231,000. Finally, Arrowroot Family Office LLC increased its position in shares of iShares BB Rated Corporate Bond ETF by 12.1% in the 4th quarter. Arrowroot Family Office LLC now owns 26,160 shares of the company’s stock valued at $1,203,000 after acquiring an additional 2,830 shares during the period.

iShares BB Rated Corporate Bond ETF Price Performance

NYSEARCA HYBB opened at $46.73 on Tuesday. The stock’s fifty day moving average price is $46.58 and its 200 day moving average price is $46.28. iShares BB Rated Corporate Bond ETF has a 1 year low of $42.72 and a 1 year high of $47.42. The company has a market cap of $280.38 million, a price-to-earnings ratio of 59.99 and a beta of 0.42.

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.