Municipal Employees Retirement System of Michigan Purchases 15,206 Shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Municipal Employees Retirement System of Michigan grew its position in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 53.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,716 shares of the company’s stock after purchasing an additional 15,206 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in iShares BB Rated Corporate Bond ETF were worth $2,011,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HYBB. Benjamin Edwards Inc. increased its position in shares of iShares BB Rated Corporate Bond ETF by 1,065.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,852,092 shares of the company’s stock valued at $87,696,000 after purchasing an additional 1,693,128 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in iShares BB Rated Corporate Bond ETF by 3,205.0% during the 4th quarter. Victory Capital Management Inc. now owns 330,500 shares of the company’s stock valued at $15,203,000 after acquiring an additional 320,500 shares during the period. Jane Street Group LLC boosted its holdings in iShares BB Rated Corporate Bond ETF by 80.9% during the 3rd quarter. Jane Street Group LLC now owns 75,419 shares of the company’s stock valued at $3,571,000 after acquiring an additional 33,731 shares during the period. RMR Capital Management LLC purchased a new stake in iShares BB Rated Corporate Bond ETF during the 4th quarter valued at about $811,000. Finally, Andina Capital Management LLC boosted its holdings in iShares BB Rated Corporate Bond ETF by 40.5% during the 4th quarter. Andina Capital Management LLC now owns 53,551 shares of the company’s stock valued at $2,463,000 after acquiring an additional 15,428 shares during the period.

iShares BB Rated Corporate Bond ETF Price Performance

Shares of HYBB stock opened at $46.05 on Friday. The stock has a market capitalization of $391.43 million, a PE ratio of 59.99 and a beta of 0.41. iShares BB Rated Corporate Bond ETF has a 1-year low of $45.06 and a 1-year high of $47.42. The business has a 50-day moving average of $46.43 and a 200 day moving average of $46.61.

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.