Andina Capital Management LLC Grows Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Andina Capital Management LLC raised its holdings in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 40.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,551 shares of the company’s stock after acquiring an additional 15,428 shares during the period. iShares BB Rated Corporate Bond ETF makes up 2.0% of Andina Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Andina Capital Management LLC owned about 0.64% of iShares BB Rated Corporate Bond ETF worth $2,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CENTRAL TRUST Co purchased a new stake in shares of iShares BB Rated Corporate Bond ETF in the 3rd quarter valued at about $46,000. WFA of San Diego LLC raised its holdings in shares of iShares BB Rated Corporate Bond ETF by 5.9% during the 3rd quarter. WFA of San Diego LLC now owns 4,719 shares of the company’s stock valued at $223,000 after buying an additional 264 shares in the last quarter. Heritage Family Offices LLP raised its holdings in shares of iShares BB Rated Corporate Bond ETF by 11.4% during the 4th quarter. Heritage Family Offices LLP now owns 10,731 shares of the company’s stock valued at $494,000 after buying an additional 1,101 shares in the last quarter. Fiduciary Financial Group LLC raised its holdings in shares of iShares BB Rated Corporate Bond ETF by 18.1% during the 4th quarter. Fiduciary Financial Group LLC now owns 11,919 shares of the company’s stock valued at $547,000 after buying an additional 1,829 shares in the last quarter. Finally, Arrowroot Family Office LLC raised its holdings in shares of iShares BB Rated Corporate Bond ETF by 16.4% during the 3rd quarter. Arrowroot Family Office LLC now owns 23,330 shares of the company’s stock valued at $1,105,000 after buying an additional 3,281 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Trading Up 0.2 %

Shares of NYSEARCA HYBB opened at $46.54 on Friday. The stock has a market cap of $388.61 million, a price-to-earnings ratio of 59.99 and a beta of 0.32. iShares BB Rated Corporate Bond ETF has a 1-year low of $45.06 and a 1-year high of $47.42. The stock’s 50-day moving average is $46.38 and its 200 day moving average is $46.59.

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.