BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB) Trading Down 0.1% – What’s Next?

BondBloxx BB Rated USD High Yield Corporate Bond ETF (NYSEARCA:XBB)’s stock price was down 0.1% on Wednesday . The company traded as low as $40.52 and last traded at $40.53. 20,584 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 205,457 shares. The stock had previously closed at $40.56.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Stock Down 0.1%

The company’s fifty day simple moving average is $40.73 and its two-hundred day simple moving average is $40.85. The company has a market capitalization of $516.76 million, a price-to-earnings ratio of 59.99 and a beta of 0.39.

Institutional Trading of BondBloxx BB Rated USD High Yield Corporate Bond ETF

A number of large investors have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan increased its position in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 18.4% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 7,372,511 shares of the company’s stock worth $303,338,000 after acquiring an additional 1,144,871 shares in the last quarter. Potomac Fund Management Inc. ADV grew its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 16.9% during the fourth quarter. Potomac Fund Management Inc. ADV now owns 1,174,307 shares of the company’s stock worth $48,316,000 after buying an additional 169,347 shares in the last quarter. Atwood & Palmer Inc. lifted its stake in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 1.4% in the 2nd quarter. Atwood & Palmer Inc. now owns 507,082 shares of the company’s stock valued at $20,788,000 after acquiring an additional 7,067 shares in the last quarter. Lido Advisors LLC boosted its position in BondBloxx BB Rated USD High Yield Corporate Bond ETF by 22.8% during the 1st quarter. Lido Advisors LLC now owns 226,571 shares of the company’s stock worth $9,219,000 after acquiring an additional 42,003 shares during the last quarter. Finally, MGO One Seven LLC raised its holdings in shares of BondBloxx BB Rated USD High Yield Corporate Bond ETF by 3.5% in the fourth quarter. MGO One Seven LLC now owns 214,153 shares of the company’s stock valued at $8,811,000 after purchasing an additional 7,155 shares during the last quarter.

BondBloxx BB Rated USD High Yield Corporate Bond ETF Company Profile

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.