Cetera Investment Advisers Has $414,000 Stock Holdings in iShares BB Rated Corporate Bond ETF $HYBB

Cetera Investment Advisers decreased its position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 85.8% during the first quarter, HoldingsChannel reports. The firm owned 8,906 shares of the company’s stock after selling 53,823 shares during the quarter. Cetera Investment Advisers’ holdings in iShares BB Rated Corporate Bond ETF were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its stake in iShares BB Rated Corporate Bond ETF by 45.3% in the 4th quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after buying an additional 278 shares during the last quarter. IFP Advisors Inc boosted its holdings in iShares BB Rated Corporate Bond ETF by 61.9% during the fourth quarter. IFP Advisors Inc now owns 2,101 shares of the company’s stock valued at $99,000 after acquiring an additional 803 shares during the period. Bank of America Corp DE boosted its holdings in iShares BB Rated Corporate Bond ETF by 12.2% during the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock valued at $159,000 after acquiring an additional 369 shares during the period. Osaic Holdings Inc. grew its position in shares of iShares BB Rated Corporate Bond ETF by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock valued at $188,000 after purchasing an additional 440 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of iShares BB Rated Corporate Bond ETF in the fourth quarter valued at about $228,000.

iShares BB Rated Corporate Bond ETF Stock Performance

iShares BB Rated Corporate Bond ETF stock opened at $46.54 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 firm has a market capitalization of $428.17 million, a PE ratio of 59.99 and a beta of 0.37. The business’s 50-day simple moving average is $46.56 and its 200-day simple moving average is $46.70.

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.