iShares BB Rated Corporate Bond ETF $HYBB Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 13.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,879 shares of the company’s stock after selling 8,982 shares during the quarter. Janney Montgomery Scott LLC owned about 1.30% of iShares BB Rated Corporate Bond ETF worth $2,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. North Star Investment Management Corp. acquired a new stake in iShares BB Rated Corporate Bond ETF during the first quarter valued at approximately $26,000. NBC Securities Inc. raised its position in shares of iShares BB Rated Corporate Bond ETF by 138,100.0% during the 1st quarter. NBC Securities Inc. now owns 1,382 shares of the company’s stock worth $63,000 after purchasing an additional 1,381 shares during the period. LPL Financial LLC raised its position in shares of iShares BB Rated Corporate Bond ETF by 5.8% during the 1st quarter. LPL Financial LLC now owns 30,340 shares of the company’s stock worth $1,402,000 after purchasing an additional 1,655 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of iShares BB Rated Corporate Bond ETF by 1.2% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 218,948 shares of the company’s stock worth $10,118,000 after purchasing an additional 2,648 shares during the period. Finally, Focus Partners Advisor Solutions LLC raised its position in shares of iShares BB Rated Corporate Bond ETF by 61.7% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 10,929 shares of the company’s stock worth $505,000 after purchasing an additional 4,171 shares during the period.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of HYBB opened at $46.97 on Friday. iShares BB Rated Corporate Bond ETF has a 1 year low of $42.72 and a 1 year high of $47.47. The company has a market cap of $284.17 million, a price-to-earnings ratio of 59.99 and a beta of 0.42. The firm has a fifty day moving average of $47.06 and a 200-day moving average of $46.48.

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.