BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB – Get Free Report) saw an uptick in 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 business has a 50-day moving average price of $39.91 and a 200-day moving average price of $40.65. The firm has a market capitalization of $566.20 million, a price-to-earnings ratio of 59.99 and a beta of 0.39.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC raised its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 29.8% in the first quarter. Kestra Advisory Services LLC now owns 5,696 shares of the company’s stock valued at $232,000 after buying an additional 1,309 shares during the last quarter. GK Wealth Management LLC acquired a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF during the second quarter valued at about $284,000. CGN Advisors LLC increased its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 6.5% during the second quarter. CGN Advisors LLC now owns 14,534 shares of the company’s stock valued at $596,000 after acquiring an additional 885 shares in the last quarter. Partners Wealth Management LLC purchased a new position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $737,000. Finally, Envestnet Asset Management Inc. raised its position in shares of 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 valued at $867,000 after purchasing an additional 7,640 shares during the last quarter.
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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