iShares BB Rated Corporate Bond ETF $HYBB Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 13.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,096 shares of the company’s stock after buying an additional 15,556 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.58% of iShares BB Rated Corporate Bond ETF worth $6,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. bought a new stake in shares of iShares BB Rated Corporate Bond ETF in the 3rd quarter valued at approximately $35,000. Bank of America Corp DE boosted its holdings in iShares BB Rated Corporate Bond ETF by 12.2% in the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after purchasing an additional 369 shares during the period. Zhang Financial LLC acquired a new position in iShares BB Rated Corporate Bond ETF in the second quarter worth $203,000. Raymond James Financial Inc. bought a new stake in iShares BB Rated Corporate Bond ETF during the second quarter valued at $516,000. Finally, Zuckerman Investment Group LLC raised its holdings in shares of iShares BB Rated Corporate Bond ETF by 8.0% during the second quarter. Zuckerman Investment Group LLC now owns 16,426 shares of the company’s stock worth $772,000 after purchasing an additional 1,219 shares during the period.

iShares BB Rated Corporate Bond ETF Stock Performance

iShares BB Rated Corporate Bond ETF stock opened at $47.40 on Friday. The firm’s 50-day moving average is $47.22 and its 200-day moving average is $47.14. iShares BB Rated Corporate Bond ETF has a 1 year low of $42.72 and a 1 year high of $47.51. The company has a market cap of $533.25 million, a P/E ratio of 59.99 and a beta of 0.39.

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.