Public Employees Retirement System of Ohio Decreases Stake in iShares BB Rated Corporate Bond ETF $HYBB

Public Employees Retirement System of Ohio cut its holdings in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,124,484 shares of the company’s stock after selling 19,570 shares during the period. Public Employees Retirement System of Ohio owned about 0.23% of iShares BB Rated Corporate Bond ETF worth $98,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CWM LLC boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 45.3% during the 4th quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after buying an additional 278 shares during the last quarter. IFP Advisors Inc increased its stake in shares of iShares BB Rated Corporate Bond ETF by 29.8% in the third quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock worth $61,000 after buying an additional 298 shares during the last quarter. Bank of America Corp DE increased its stake in shares of iShares BB Rated Corporate Bond ETF by 12.2% in the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after buying an additional 369 shares during the last quarter. Osaic Holdings Inc. raised its holdings in iShares BB Rated Corporate Bond ETF by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock valued at $188,000 after acquiring an additional 440 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in iShares BB Rated Corporate Bond ETF in the fourth quarter valued at $228,000.

iShares BB Rated Corporate Bond ETF Price Performance

NYSEARCA HYBB opened at $46.33 on Friday. iShares BB Rated Corporate Bond ETF has a 12 month low of $45.92 and a 12 month high of $47.51. The company has a market capitalization of $410.02 million, a price-to-earnings ratio of 59.99 and a beta of 0.37. The company’s fifty day moving average price is $46.61 and its two-hundred day moving average price is $46.82.

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.