JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Trading Down 0.5% – Time to Sell?

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY)’s stock price was down 0.5% during mid-day trading on Wednesday . The stock traded as low as $45.72 and last traded at $45.72. Approximately 65,100 shares traded hands during trading, a decline of 52% from the average daily volume of 136,017 shares. The stock had previously closed at $45.94.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

The stock has a market capitalization of $449.43 million, a price-to-earnings ratio of 60.43 and a beta of 0.40. The company has a fifty day simple moving average of $46.49 and a 200 day simple moving average of $46.59.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.277 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. This is a positive change from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Monday, March 2nd.

Institutional Trading of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Tripletail Wealth Management LLC acquired a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 3rd quarter worth approximately $36,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the second quarter worth $62,000. Capital Investment Advisory Services LLC increased its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 33.9% during the third quarter. Capital Investment Advisory Services LLC now owns 1,366 shares of the company’s stock worth $64,000 after buying an additional 346 shares during the period. Steward Partners Investment Advisory LLC raised its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 147.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,417 shares of the company’s stock worth $66,000 after buying an additional 844 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 2,156.9% in the third quarter. SBI Securities Co. Ltd. now owns 1,467 shares of the company’s stock valued at $69,000 after buying an additional 1,402 shares during the period.

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.