Fifth Third Securities Inc. lowered its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY – Free Report) by 25.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 52,772 shares of the company’s stock after selling 17,984 shares during the period. Fifth Third Securities Inc.’s holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF were worth $2,342,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Security National Bank of Sioux City Iowa IA bought a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 2nd quarter worth $69,000. WNY Asset Management LLC acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the first quarter valued at about $249,000. Ascentis Independent Advisors bought a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the first quarter valued at about $300,000. Hopwood Nicholas Hunter bought a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the second quarter valued at about $364,000. Finally, Lockerman Financial Group Inc. grew its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 31.6% in the third quarter. Lockerman Financial Group Inc. now owns 7,950 shares of the company’s stock valued at $353,000 after acquiring an additional 1,910 shares during the last quarter.
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Trading Up 0.2%
Shares of BATS BBHY opened at $44.14 on Thursday. The company has a market cap of $433.90 million, a price-to-earnings ratio of 60.43 and a beta of 0.40. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 12 month low of $43.88 and a 12 month high of $47.04. The stock has a 50-day moving average price of $45.04 and a two-hundred day moving average price of $45.64.
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. BBHY was launched on Sep 14, 2016 and is managed by JPMorgan Chase.
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Want to see what other hedge funds are holding BBHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY – Free Report).
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