Fifth Third Bancorp bought a new stake in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 12,007 shares of the company’s stock, valued at approximately $558,000.
A number of other hedge funds have also made changes to their positions in the stock. CWM LLC increased its stake in shares of iShares BB Rated Corporate Bond ETF by 45.3% in 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 last quarter. IFP Advisors Inc boosted its stake in iShares BB Rated Corporate Bond ETF by 29.8% during the 3rd quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock valued at $61,000 after acquiring an additional 298 shares during the last quarter. Bank of America Corp DE boosted its stake in iShares BB Rated Corporate Bond ETF by 12.2% during the 2nd quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock valued at $159,000 after acquiring an additional 369 shares during the last quarter. Osaic Holdings Inc. grew its holdings in iShares BB Rated Corporate Bond ETF by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock worth $188,000 after acquiring an additional 440 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in iShares BB Rated Corporate Bond ETF during the 4th quarter worth $228,000.
iShares BB Rated Corporate Bond ETF Stock Performance
HYBB opened at $46.32 on Thursday. The company has a 50-day moving average of $46.61 and a 200-day moving average of $46.80. The company has a market capitalization of $409.93 million, a P/E ratio of 59.99 and a beta of 0.37. iShares BB Rated Corporate Bond ETF has a 1-year low of $45.92 and a 1-year high of $47.51.
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.
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