LPL Financial LLC Has $66.79 Million Stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY)

LPL Financial LLC reduced its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,449,392 shares of the company’s stock after selling 31,212 shares during the period. LPL Financial LLC owned 5.98% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF worth $66,788,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BBHY. IFP Advisors Inc lifted its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 6.4% during the 4th 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. Wealth Enhancement Advisory Services LLC raised its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 2.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,726 shares of the company’s stock valued at $508,000 after purchasing an additional 270 shares during the period. Continuum Advisory LLC boosted its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 37.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,065 shares of the company’s stock worth $50,000 after purchasing an additional 292 shares in the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 4th quarter valued at about $29,000. Finally, AdvisorNet Financial Inc bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 4th quarter valued at about $43,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

BBHY stock opened at $46.18 on Thursday. The company has a market cap of $946.69 million, a P/E ratio of 59.97 and a beta of 0.49. The stock’s 50 day simple moving average is $46.48 and its 200 day simple moving average is $46.63. 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 firm also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a dividend of $0.2858 per share. This is a boost from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Company Profile

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.