Public Employees Retirement System of Ohio Cuts Position in iShares BB Rated Corporate Bond ETF $HYBB

Public Employees Retirement System of Ohio reduced its position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 0.9% during the 1st quarter, according to its most recent filing 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 approximately 23.47% of iShares BB Rated Corporate Bond ETF worth $98,767,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Valmark Advisers Inc. increased its position in iShares BB Rated Corporate Bond ETF by 5.2% during the 1st quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock worth $71,204,000 after purchasing an additional 75,445 shares in the last quarter. Fifth Third Bancorp purchased a new position in iShares BB Rated Corporate Bond ETF in the first quarter valued at approximately $558,000. Hegarty Advisors LLC lifted its position in iShares BB Rated Corporate Bond ETF by 35.1% during the first quarter. Hegarty Advisors LLC now owns 9,829 shares of the company’s stock valued at $457,000 after buying an additional 2,552 shares in the last quarter. Nottingham Advisors Inc. lifted its position in iShares BB Rated Corporate Bond ETF by 14.1% during the first quarter. Nottingham Advisors Inc. now owns 38,849 shares of the company’s stock valued at $1,806,000 after buying an additional 4,792 shares in the last quarter. Finally, WFA of San Diego LLC grew its stake in iShares BB Rated Corporate Bond ETF by 10.5% during the fourth quarter. WFA of San Diego LLC now owns 24,326 shares of the company’s stock worth $1,146,000 after buying an additional 2,309 shares during the period.

iShares BB Rated Corporate Bond ETF Stock Down 0.3%

HYBB opened at $46.33 on Friday. iShares BB Rated Corporate Bond ETF has a 52-week low of $45.92 and a 52-week high of $47.51. The company has a 50 day moving average of $46.61 and a two-hundred day moving average of $46.82. The company has a market cap of $410.02 million, a P/E ratio of 59.99 and a beta of 0.37.

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.