Public Employees Retirement System of Ohio Takes $119.17 Million Position in iShares BB Rated Corporate Bond ETF $HYBB

Public Employees Retirement System of Ohio acquired a new position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) in the 2nd quarter, Holdings Channel reports. The fund acquired 2,548,011 shares of the company’s stock, valued at approximately $119,170,000. Public Employees Retirement System of Ohio owned approximately 0.28% of iShares BB Rated Corporate Bond ETF as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CWM LLC grew its stake in iShares BB Rated Corporate Bond ETF by 45.3% during the 4th quarter. CWM LLC now owns 892 shares of the company’s stock worth $42,000 after buying an additional 278 shares during the last quarter. Royal Bank of Canada raised its position in iShares BB Rated Corporate Bond ETF by 661.3% in the 1st quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock valued at $68,000 after purchasing an additional 1,263 shares during the last quarter. IFP Advisors Inc boosted its stake in iShares BB Rated Corporate Bond ETF by 61.9% during the 4th quarter. IFP Advisors Inc now owns 2,101 shares of the company’s stock worth $99,000 after purchasing an additional 803 shares during the period. Bank of America Corp DE grew its position in 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 last quarter. Finally, Osaic Holdings Inc. increased its stake in 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 period.

iShares BB Rated Corporate Bond ETF Stock Performance

NYSEARCA HYBB opened at $46.66 on Friday. The firm’s fifty day moving average is $46.55 and its two-hundred day moving average is $46.69. iShares BB Rated Corporate Bond ETF has a one year low of $45.92 and a one year high of $47.51. The firm has a market cap of $429.27 million, a PE ratio of 59.99 and a beta of 0.37.

iShares BB Rated Corporate Bond ETF Profile

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.