BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB – Get Free Report) saw unusually-high trading volume on Monday. Approximately 1,001,124 shares were traded during mid-day trading, an increase of 405% from the average daily volume of 198,345 shares. The stock last traded at $39.8940 and had previously closed at $39.80.
BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Up 0.2%
The firm has a market capitalization of $566.20 million, a price-to-earnings ratio of 59.99 and a beta of 0.39. The company’s 50 day moving average price is $39.91 and its 200 day moving average price is $40.65.
Institutional Trading of BondBloxx BB Rated USD High Yield Corporate Bond ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 29.8% during the first quarter. Kestra Advisory Services LLC now owns 5,696 shares of the company’s stock worth $232,000 after purchasing an additional 1,309 shares during the period. GK Wealth Management LLC purchased a new stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the second quarter valued at approximately $284,000. CGN Advisors LLC boosted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% in the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock valued at $596,000 after buying an additional 885 shares during the last quarter. Partners Wealth Management LLC acquired a new position in BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter worth approximately $737,000. Finally, Envestnet Asset Management Inc. increased its holdings in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 56.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,148 shares of the company’s stock worth $867,000 after buying an additional 7,640 shares during the period.
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.
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