Valmark Advisers Inc. Grows Stock Position in iShares BB Rated Corporate Bond ETF $HYBB

Valmark Advisers Inc. grew its stake in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,531,588 shares of the company’s stock after buying an additional 75,445 shares during the quarter. iShares BB Rated Corporate Bond ETF accounts for about 0.8% of Valmark Advisers Inc.’s portfolio, making the stock its 26th largest holding. Valmark Advisers Inc. owned about 0.17% of iShares BB Rated Corporate Bond ETF worth $71,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HYBB. CWM LLC raised its position in iShares BB Rated Corporate Bond ETF by 45.3% during the fourth quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after acquiring an additional 278 shares in the last quarter. IFP Advisors Inc grew its stake in shares of iShares BB Rated Corporate Bond ETF by 29.8% during the 3rd quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock worth $61,000 after purchasing an additional 298 shares during the period. Bank of America Corp DE grew its stake in shares of iShares BB Rated Corporate Bond ETF by 12.2% during the 2nd quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after purchasing an additional 369 shares during the period. Osaic Holdings Inc. increased its holdings in shares of iShares BB Rated Corporate Bond ETF by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock valued at $188,000 after purchasing an additional 440 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of iShares BB Rated Corporate Bond ETF in the 4th quarter valued at $228,000.

iShares BB Rated Corporate Bond ETF Stock Performance

NYSEARCA HYBB traded down $0.05 during mid-day trading on Friday, reaching $46.57. 14,421 shares of the stock were exchanged, compared to its average volume of 85,423. The company has a market capitalization of $409.82 million, a P/E ratio of 59.99 and a beta of 0.37. The business’s 50 day moving average is $46.64 and its 200-day moving average is $46.86. iShares BB Rated Corporate Bond ETF has a 1 year low of $45.92 and a 1 year high of $47.51.

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.