Arrowroot Family Office LLC Boosts Stock Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Arrowroot Family Office LLC raised its position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 16.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 23,330 shares of the company’s stock after purchasing an additional 3,281 shares during the quarter. Arrowroot Family Office LLC’s holdings in iShares BB Rated Corporate Bond ETF were worth $1,105,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co bought a new stake in iShares BB Rated Corporate Bond ETF during the third quarter valued at $46,000. WFA of San Diego LLC raised its position 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 worth $223,000 after purchasing an additional 264 shares during the period. Cetera Advisors LLC lifted its holdings in shares of iShares BB Rated Corporate Bond ETF by 32.8% in the 1st quarter. Cetera Advisors LLC now owns 9,940 shares of the company’s stock worth $460,000 after purchasing an additional 2,455 shares during the last quarter. Fiduciary Financial Group LLC bought a new position in iShares BB Rated Corporate Bond ETF during the 2nd quarter worth $466,000. Finally, Heritage Family Offices LLP acquired a new stake in iShares BB Rated Corporate Bond ETF in the second quarter worth $462,000.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of HYBB opened at $46.94 on Monday. The firm has a fifty day moving average of $46.76 and a 200-day moving average of $46.50. The company has a market cap of $391.95 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 $44.97 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.