JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Sees Strong Trading Volume – Time to Buy?

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) shares saw strong trading volume on Friday . 45,675 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 53,214 shares.The stock last traded at $46.50 and had previously closed at $46.49.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Price Performance

The stock’s 50-day simple moving average is $46.55 and its 200 day simple moving average is $46.48.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Aggregate Bond ETF

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 19.3% in the first quarter. Integrated Wealth Concepts LLC now owns 12,091 shares of the company’s stock valued at $558,000 after buying an additional 1,954 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 1st quarter worth about $916,000. Ascent Group LLC increased its position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 16.3% in the 2nd quarter. Ascent Group LLC now owns 13,399 shares of the company’s stock valued at $619,000 after acquiring an additional 1,873 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 1.1% in the second quarter. Iron Horse Wealth Management LLC now owns 340,534 shares of the company’s stock worth $15,722,000 after acquiring an additional 3,703 shares during the last quarter. Finally, Heck Capital Advisors LLC lifted its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 5.6% during the second quarter. Heck Capital Advisors LLC now owns 172,210 shares of the company’s stock worth $7,951,000 after purchasing an additional 9,123 shares in the last quarter.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Company Profile

The JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a market-cap weighted index to provide exposure to investment grade, USD-denominated debt securities from government and corporate issuers. The fund may invest in securities of any maturity. BBAG was launched on Dec 12, 2018 and is managed by JPMorgan Chase.