Heritage Family Offices LLP Increases Stock Holdings in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Heritage Family Offices LLP raised its holdings in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,731 shares of the company’s stock after buying an additional 1,101 shares during the quarter. Heritage Family Offices LLP owned about 0.13% of iShares BB Rated Corporate Bond ETF worth $494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of iShares BB Rated Corporate Bond ETF by 173.2% during the second quarter. Envestnet Asset Management Inc. now owns 128,875 shares of the company’s stock valued at $5,931,000 after acquiring an additional 81,711 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in iShares BB Rated Corporate Bond ETF by 11.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,013,076 shares of the company’s stock worth $92,642,000 after purchasing an additional 199,239 shares during the last quarter. Benjamin Edwards Inc. increased its stake in iShares BB Rated Corporate Bond ETF by 3.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 158,964 shares of the company’s stock valued at $7,316,000 after purchasing an additional 5,791 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares BB Rated Corporate Bond ETF by 5.0% in the second quarter. Cetera Investment Advisers now owns 32,924 shares of the company’s stock worth $1,515,000 after buying an additional 1,557 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 3.5% during the third quarter. Concourse Financial Group Securities Inc. now owns 39,582 shares of the company’s stock worth $1,874,000 after buying an additional 1,348 shares during the period.

iShares BB Rated Corporate Bond ETF Price Performance

Shares of HYBB opened at $46.30 on Thursday. The firm has a market capitalization of $386.61 million, a PE ratio of 59.99 and a beta of 0.32. The company’s fifty day moving average price is $46.41 and its 200-day moving average price is $46.57. iShares BB Rated Corporate Bond ETF has a 1-year low of $45.06 and a 1-year high of $47.42.

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.