JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Shares Down 0.2% – Here’s Why

Shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) traded down 0.2% during mid-day trading on Tuesday . The stock traded as low as $46.25 and last traded at $46.29. 59,033 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 118,714 shares. The stock had previously closed at $46.37.

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

The firm has a market capitalization of $455.03 million, a P/E ratio of 60.43 and a beta of 0.40. The firm has a 50 day moving average of $46.10 and a 200-day moving average of $46.43.

Institutional Investors Weigh In On JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

Several institutional investors have recently made changes to their positions in BBHY. Independent Wealth Network Inc. bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the first quarter worth $592,000. Nolet Wealth Management LLC bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the fourth quarter worth $1,093,000. Empowered Funds LLC lifted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 16.2% during the fourth quarter. Empowered Funds LLC now owns 98,556 shares of the company’s stock worth $4,583,000 after purchasing an additional 13,752 shares during the last quarter. OLD Mission Capital LLC bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the fourth quarter worth $3,316,000. Finally, Cetera Investment Advisers lifted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 11.7% during the fourth quarter. Cetera Investment Advisers now owns 96,543 shares of the company’s stock worth $4,489,000 after purchasing an additional 10,090 shares during the last quarter.

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.