Laffer Tengler Investments Inc. Has $620,000 Holdings in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB)

Laffer Tengler Investments Inc. increased its stake in shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,479 shares of the company’s stock after acquiring an additional 1,164 shares during the period. Laffer Tengler Investments Inc. owned about 0.16% of iShares BB Rated Corporate Bond ETF worth $620,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. WFA of San Diego LLC raised 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 valued at $223,000 after purchasing an additional 264 shares during the period. Heritage Family Offices LLP raised its position 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 valued at $494,000 after buying an additional 1,101 shares during the last quarter. 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 valued at $547,000 after acquiring an additional 1,829 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iShares BB Rated Corporate Bond ETF by 30.2% during the 4th quarter. Bank of New York Mellon Corp now owns 13,783 shares of the company’s stock worth $634,000 after acquiring an additional 3,194 shares during the last quarter. Finally, RMR Capital Management LLC bought a new position in shares of iShares BB Rated Corporate Bond ETF during the 4th quarter worth approximately $811,000.

iShares BB Rated Corporate Bond ETF Stock Up 0.0 %

Shares of HYBB stock opened at $46.50 on Wednesday. iShares BB Rated Corporate Bond ETF has a 12 month low of $45.06 and a 12 month high of $47.42. The company’s fifty day simple moving average is $46.39 and its 200-day simple moving average is $46.63. The firm has a market cap of $395.25 million, a PE ratio of 59.99 and a beta of 0.41.

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.