Kensington Asset Management LLC Cuts Stake in BondBloxx CCC Rated USD High Yield Corporate Bond ETF $XCCC

Kensington Asset Management LLC cut its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF (NYSEARCA:XCCC) by 91.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,167 shares of the company’s stock after selling 98,122 shares during the period. Kensington Asset Management LLC’s holdings in BondBloxx CCC Rated USD High Yield Corporate Bond ETF were worth $334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Strategic Advocates LLC increased its position in BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 97.8% during the 4th quarter. Strategic Advocates LLC now owns 886 shares of the company’s stock valued at $34,000 after buying an additional 438 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the fourth quarter worth about $73,000. Global Retirement Partners LLC grew its stake in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 33.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,126 shares of the company’s stock worth $119,000 after acquiring an additional 782 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF during the third quarter valued at about $206,000. Finally, Swan Global Investments LLC increased its holdings in shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF by 22.6% during the fourth quarter. Swan Global Investments LLC now owns 7,550 shares of the company’s stock valued at $287,000 after acquiring an additional 1,394 shares in the last quarter.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Stock Up 0.0%

Shares of BondBloxx CCC Rated USD High Yield Corporate Bond ETF stock opened at $36.02 on Friday. The firm has a market capitalization of $272.67 million, a P/E ratio of 4.02 and a beta of 0.48. The company has a 50 day moving average price of $36.44 and a 200 day moving average price of $36.87. BondBloxx CCC Rated USD High Yield Corporate Bond ETF has a 52 week low of $35.82 and a 52 week high of $39.35.

About BondBloxx CCC Rated USD High Yield Corporate Bond ETF

The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) 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 CCC (or its equivalent), based on an average of three main credit rating providers. XCCC was launched on May 24, 2022 and is managed by BondBloxx.