Envestnet Asset Management Inc. Boosts Stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

Envestnet Asset Management Inc. lifted its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 18.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 377,766 shares of the company’s stock after purchasing an additional 57,572 shares during the period. Envestnet Asset Management Inc. owned about 3.84% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF worth $17,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the third quarter valued at approximately $724,000. CW Advisors LLC bought a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the second quarter worth $3,454,000. Atria Wealth Solutions Inc. purchased a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the second quarter valued at $218,000. Pinnacle Wealth Planning Services Inc. increased its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.9% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 103,361 shares of the company’s stock valued at $4,821,000 after acquiring an additional 5,801 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 134.1% in the 2nd quarter. Osaic Holdings Inc. now owns 82,991 shares of the company’s stock valued at $3,841,000 after acquiring an additional 47,534 shares during the last quarter.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Up 0.2%

BBHY opened at $46.61 on Friday. The firm has a 50-day simple moving average of $46.65 and a two-hundred day simple moving average of $46.64. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 52 week low of $43.49 and a 52 week high of $47.11. The company has a market capitalization of $458.18 million, a PE ratio of 60.43 and a beta of 0.40.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous monthly dividend of $0.26. This represents a c) dividend on an annualized basis and a yield of 7.0%.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF 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.