Janney Montgomery Scott LLC lowered its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY – Free Report) by 32.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 310,530 shares of the company’s stock after selling 148,642 shares during the quarter. Janney Montgomery Scott LLC owned 3.16% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF worth $14,232,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $7,641,000. WCG Wealth Advisors LLC bought a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the fourth quarter valued at approximately $5,864,000. Bank of America Corp DE raised its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.7% during the third quarter. Bank of America Corp DE now owns 973,990 shares of the company’s stock worth $45,778,000 after acquiring an additional 86,326 shares in the last quarter. OLD Mission Capital LLC purchased a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the fourth quarter worth approximately $3,316,000. Finally, Royal Fund Management LLC lifted its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 171.3% in the 4th quarter. Royal Fund Management LLC now owns 112,796 shares of the company’s stock worth $5,245,000 after acquiring an additional 71,216 shares during the last quarter.
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance
BBHY stock opened at $45.83 on Thursday. The firm has a market cap of $450.51 million, a P/E ratio of 60.43 and a beta of 0.40. The firm’s fifty day moving average is $46.04 and its 200 day moving average is $46.25. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 52 week low of $45.23 and a 52 week high of $47.11.
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. BBHY was launched on Sep 14, 2016 and is managed by JPMorgan Chase.
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