HM Payson & Co. Takes Position in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

HM Payson & Co. acquired a new stake in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 42,208 shares of the company’s stock, valued at approximately $1,952,000. HM Payson & Co. owned approximately 0.51% of iShares BB Rated Corporate Bond ETF as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC grew its position in shares of iShares BB Rated Corporate Bond ETF by 32.8% during the first quarter. Cetera Advisors LLC now owns 9,940 shares of the company’s stock valued at $460,000 after purchasing an additional 2,455 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of iShares BB Rated Corporate Bond ETF by 44.8% in the 1st quarter. Atria Investments Inc now owns 53,152 shares of the company’s stock valued at $2,458,000 after acquiring an additional 16,440 shares during the last quarter. Comerica Bank lifted its holdings in shares of iShares BB Rated Corporate Bond ETF by 76.4% in the 1st quarter. Comerica Bank now owns 22,567 shares of the company’s stock valued at $1,044,000 after acquiring an additional 9,775 shares during the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of iShares BB Rated Corporate Bond ETF in the 1st quarter valued at about $398,000. Finally, Sheets Smith Wealth Management lifted its holdings in shares of iShares BB Rated Corporate Bond ETF by 5.0% in the 1st quarter. Sheets Smith Wealth Management now owns 12,511 shares of the company’s stock valued at $579,000 after acquiring an additional 600 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Trading Down 0.1 %

Shares of NYSEARCA:HYBB traded down $0.05 during trading on Friday, reaching $46.21. The company’s stock had a trading volume of 38,210 shares, compared to its average volume of 43,003. The stock has a market capitalization of $385.81 million, a PE ratio of 59.99 and a beta of 0.32. iShares BB Rated Corporate Bond ETF has a 12 month low of $42.73 and a 12 month high of $46.60. The firm’s 50 day simple moving average is $46.13 and its two-hundred day simple moving average is $45.97.

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.