BondBloxx BB Rated USD High Yield Corporate Bond ETF $XBB Shares Purchased by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV boosted its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,174,307 shares of the company’s stock after buying an additional 169,347 shares during the period. BondBloxx BB Rated USD High Yield Corporate Bond ETF accounts for approximately 1.8% of Potomac Fund Management Inc. ADV’s portfolio, making the stock its 5th biggest holding. Potomac Fund Management Inc. ADV owned about 11.92% of BondBloxx BB Rated USD High Yield Corporate Bond ETF worth $48,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XBB. Nemes Rush Group LLC acquired a new stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the third quarter valued at approximately $29,000. Kestra Advisory Services LLC acquired a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter valued at $181,000. GK Wealth Management LLC purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 4th quarter valued at $243,000. Envestnet Asset Management Inc. purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at $389,000. Finally, MML Investors Services LLC boosted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.6% during the 4th quarter. MML Investors Services LLC now owns 10,029 shares of the company’s stock worth $413,000 after purchasing an additional 623 shares during the period.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Performance

Shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF stock opened at $40.90 on Monday. The company has a market capitalization of $450.72 million, a P/E ratio of 59.99 and a beta of 0.39. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 1 year low of $40.18 and a 1 year high of $41.61. The company’s fifty day moving average is $40.90 and its two-hundred day moving average is $41.06.

About BondBloxx BB Rated USD High Yield Corporate Bond ETF

The BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) 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 BB (or its equivalent), based on an average of three main credit rating providers. XBB was launched on May 24, 2022 and is managed by BondBloxx.