Cetera Investment Advisers Sells 6,659 Shares of iShares BB Rated Corporate Bond ETF $HYBB

Cetera Investment Advisers reduced its holdings in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,508 shares of the company’s stock after selling 6,659 shares during the period. Cetera Investment Advisers’ holdings in iShares BB Rated Corporate Bond ETF were worth $3,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC raised its holdings in iShares BB Rated Corporate Bond ETF by 5.8% during the first quarter. LPL Financial LLC now owns 30,340 shares of the company’s stock worth $1,402,000 after acquiring an additional 1,655 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of iShares BB Rated Corporate Bond ETF by 2.7% during the 1st quarter. Benjamin Edwards Inc. now owns 1,821,330 shares of the company’s stock worth $84,164,000 after purchasing an additional 47,649 shares during the last quarter. Partners Capital Investment Group LLP raised its stake in shares of iShares BB Rated Corporate Bond ETF by 100.0% during the 1st quarter. Partners Capital Investment Group LLP now owns 9,102 shares of the company’s stock worth $421,000 after purchasing an additional 4,551 shares in the last quarter. Laffer Tengler Investments Inc. boosted its holdings in shares of iShares BB Rated Corporate Bond ETF by 48.5% in the 1st quarter. Laffer Tengler Investments Inc. now owns 20,012 shares of the company’s stock valued at $925,000 after buying an additional 6,533 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in shares of iShares BB Rated Corporate Bond ETF by 61.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 10,929 shares of the company’s stock valued at $505,000 after buying an additional 4,171 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Trading Up 0.1%

Shares of HYBB opened at $47.34 on Thursday. The company’s fifty day simple moving average is $47.12 and its 200 day simple moving average is $46.83. iShares BB Rated Corporate Bond ETF has a 1-year low of $42.72 and a 1-year high of $47.51. The company has a market cap of $409.49 million, a price-to-earnings ratio of 59.99 and a beta of 0.39.

About iShares BB Rated Corporate Bond ETF

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.