JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Stake Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 45.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,943,085 shares of the company’s stock after selling 6,708,458 shares during the quarter. JPMorgan Chase & Co. owned approximately 32.75% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF worth $366,017,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Missouri Trust & Investment Co acquired a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $29,000. AdvisorNet Financial Inc bought a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter worth $43,000. Continuum Advisory LLC increased its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 37.8% in the third quarter. Continuum Advisory LLC now owns 1,065 shares of the company’s stock worth $50,000 after buying an additional 292 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 92.1% during the fourth quarter. Global Retirement Partners LLC now owns 3,921 shares of the company’s stock valued at $181,000 after acquiring an additional 1,880 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 6.4% during the fourth quarter. IFP Advisors Inc now owns 3,999 shares of the company’s stock valued at $184,000 after acquiring an additional 240 shares during the period.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Down 0.0 %

BBHY stock opened at $46.03 on Monday. The firm’s 50-day simple moving average is $46.46 and its 200 day simple moving average is $46.62. The stock has a market cap of $943.62 million, a PE ratio of 59.97 and a beta of 0.49. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a fifty-two week low of $44.94 and a fifty-two week high of $47.39.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a $0.2858 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous dividend of $0.25.

About JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

The JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) is an exchange-traded fund that is based on the ICE BofA US High Yield index. The fund seeks to track a market-cap weighted index to provide exposure to high-yield, USD-denominated corporate debt securities. The fund invests in securities with maturities of at least 18 months.