Bank of New York Mellon Corp Acquires 3,194 Shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Bank of New York Mellon Corp raised its position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 30.2% in the fourth quarter, Holdings Channel reports. The firm owned 13,783 shares of the company’s stock after acquiring an additional 3,194 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares BB Rated Corporate Bond ETF were worth $634,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. WFA of San Diego LLC boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 5.9% in the 3rd quarter. WFA of San Diego LLC now owns 4,719 shares of the company’s stock worth $223,000 after buying an additional 264 shares during the last quarter. Heritage Family Offices LLP boosted its stake in iShares BB Rated Corporate Bond ETF by 11.4% in the 4th quarter. Heritage Family Offices LLP now owns 10,731 shares of the company’s stock worth $494,000 after purchasing an additional 1,101 shares during the period. Fiduciary Financial Group LLC lifted its stake in iShares BB Rated Corporate Bond ETF by 18.1% in the 4th quarter. Fiduciary Financial Group LLC now owns 11,919 shares of the company’s stock worth $547,000 after purchasing an additional 1,829 shares in the last quarter. RMR Capital Management LLC purchased a new stake in shares of iShares BB Rated Corporate Bond ETF in the fourth quarter worth about $811,000. Finally, Arrowroot Family Office LLC grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 16.4% in the third quarter. Arrowroot Family Office LLC now owns 23,330 shares of the company’s stock valued at $1,105,000 after purchasing an additional 3,281 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Trading Down 0.5 %

HYBB opened at $46.30 on Thursday. The stock has a 50-day moving average of $46.48 and a 200 day moving average of $46.57. iShares BB Rated Corporate Bond ETF has a 12 month low of $45.07 and a 12 month high of $47.42. The firm has a market cap of $395.87 million, a P/E ratio of 59.99 and a beta of 0.41.

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.