State of New Jersey Common Pension Fund D Makes New Investment in BondBloxx CCC Rated USD High Yield Corporate Bond ETF $XCCC

State of New Jersey Common Pension Fund D acquired a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $5,704,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $73,000. Ameritas Advisory Services LLC grew its position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 309.2% during the 3rd quarter. Ameritas Advisory Services LLC now owns 5,115 shares of the company’s stock worth $201,000 after purchasing an additional 3,865 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 3rd quarter worth approximately $206,000. Dynamic Advisor Solutions LLC grew its position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 15.4% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 7,464 shares of the company’s stock worth $284,000 after purchasing an additional 996 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $376,000.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Price Performance

BondBloxx CCC Rated USD High Yield Corporate Bond ETF stock opened at $37.02 on Monday. The company’s fifty day simple moving average is $36.69 and its 200-day simple moving average is $37.66. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a 12 month low of $35.86 and a 12 month high of $39.35. The stock has a market cap of $302.82 million, a P/E ratio of 4.02 and a beta of 0.49.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Profile

The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of CCC (or its equivalent), based on an average of three main credit rating providers. XCCC was launched on May 24, 2022 and is managed by BondBloxx.