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

Andina Capital Management LLC boosted its stake in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 40.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,551 shares of the company’s stock after buying an additional 15,428 shares during the period. iShares BB Rated Corporate Bond ETF accounts for about 2.0% of Andina Capital Management LLC’s portfolio, making the stock its 14th largest position. Andina Capital Management LLC’s holdings in iShares BB Rated Corporate Bond ETF were worth $2,463,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HYBB. CENTRAL TRUST Co bought a new stake in shares of iShares BB Rated Corporate Bond ETF in the 3rd quarter worth approximately $46,000. WFA of San Diego LLC grew its position in shares of iShares BB Rated Corporate Bond ETF by 5.9% in the 3rd quarter. WFA of San Diego LLC now owns 4,719 shares of the company’s stock worth $223,000 after buying an additional 264 shares during the last quarter. Heritage Family Offices LLP grew its position in shares of iShares BB Rated Corporate Bond ETF by 11.4% in the 4th quarter. Heritage Family Offices LLP now owns 10,731 shares of the company’s stock worth $494,000 after buying an additional 1,101 shares during the last quarter. Fiduciary Financial Group LLC grew its position in shares of iShares BB Rated Corporate Bond ETF by 18.1% in the 4th quarter. Fiduciary Financial Group LLC now owns 11,919 shares of the company’s stock worth $547,000 after buying an additional 1,829 shares during the last quarter. Finally, Arrowroot Family Office LLC grew its position in shares of iShares BB Rated Corporate Bond ETF by 16.4% in the 3rd quarter. Arrowroot Family Office LLC now owns 23,330 shares of the company’s stock worth $1,105,000 after buying an additional 3,281 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of HYBB stock opened at $46.54 on Friday. The firm has a market cap of $388.61 million, a P/E ratio of 59.99 and a beta of 0.32. iShares BB Rated Corporate Bond ETF has a fifty-two week low of $45.06 and a fifty-two week high of $47.42. The business’s 50 day moving average price is $46.38 and its 200-day moving average price is $46.59.

iShares BB Rated Corporate Bond ETF Company 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.