iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Sees Unusually-High Trading Volume – Still a Buy?
by Teresa Graham · The Cerbat GemiShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Get Free Report) shares saw strong trading volume on Tuesday . 88,836 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 89,263 shares.The stock last traded at $46.94 and had previously closed at $46.99.
iShares BB Rated Corporate Bond ETF Stock Down 0.3%
The stock has a market cap of $510.88 million, a price-to-earnings ratio of 59.99 and a beta of 0.39. The stock has a fifty day moving average of $46.79 and a two-hundred day moving average of $47.02.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYBB. CWM LLC grew its stake in iShares BB Rated Corporate Bond ETF by 45.3% during the fourth quarter. CWM LLC now owns 892 shares of the company’s stock worth $42,000 after buying an additional 278 shares during the period. IFP Advisors Inc grew its stake in iShares BB Rated Corporate Bond ETF by 29.8% during the third quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock worth $61,000 after buying an additional 298 shares during the period. Bank of America Corp DE grew its stake in iShares BB Rated Corporate Bond ETF by 12.2% during the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after buying an additional 369 shares during the period. Osaic Holdings Inc. grew its stake in iShares BB Rated Corporate Bond ETF by 12.4% during the fourth quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock worth $188,000 after buying an additional 440 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new stake in iShares BB Rated Corporate Bond ETF during the fourth quarter worth approximately $228,000.
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.