Municipal Employees Retirement System of Michigan Purchases 1,144,871 Shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF $XBB

Municipal Employees Retirement System of Michigan boosted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,372,511 shares of the company’s stock after acquiring an additional 1,144,871 shares during the quarter. BondBloxx BB Rated USD High Yield Corporate Bond ETF accounts for approximately 3.4% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 12th largest holding. Municipal Employees Retirement System of Michigan owned about 0.75% of BondBloxx BB Rated USD High Yield Corporate Bond ETF worth $303,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Atwood & Palmer Inc. grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.3% during the fourth quarter. Atwood & Palmer Inc. now owns 486,275 shares of the company’s stock valued at $20,007,000 after buying an additional 11,119 shares during the last quarter. MGO One Seven LLC grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% during the fourth quarter. MGO One Seven LLC now owns 214,153 shares of the company’s stock valued at $8,811,000 after buying an additional 7,155 shares during the last quarter. Lido Advisors LLC grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 2.7% during the third quarter. Lido Advisors LLC now owns 187,589 shares of the company’s stock valued at $7,756,000 after buying an additional 5,015 shares during the last quarter. Sage Rhino Capital LLC grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.7% during the fourth quarter. Sage Rhino Capital LLC now owns 57,637 shares of the company’s stock valued at $2,371,000 after buying an additional 954 shares during the last quarter. Finally, Fullcircle Wealth LLC grew its stake in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 5.1% during the third quarter. Fullcircle Wealth LLC now owns 46,240 shares of the company’s stock valued at $1,887,000 after buying an additional 2,246 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA:XBB opened at $40.80 on Friday. The stock’s 50-day moving average price is $40.80 and its 200-day moving average price is $41.07. BondBloxx BB Rated USD High Yield Corporate Bond ETF has a 12-month low of $40.18 and a 12-month high of $41.61. The stock has a market capitalization of $449.62 million, a P/E ratio of 59.99 and a beta of 0.40.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

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.