Assetmark Inc. Has $4.33 Million Position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

Assetmark Inc. cut its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 34.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,378 shares of the company’s stock after selling 50,416 shares during the period. Assetmark Inc. owned about 0.96% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF worth $4,325,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 23.0% in the first quarter. Royal Bank of Canada now owns 6,133 shares of the company’s stock valued at $282,000 after buying an additional 1,147 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the first quarter valued at approximately $109,000. Raymond James Financial Inc. boosted its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 20.2% in the 2nd quarter. Raymond James Financial Inc. now owns 52,715 shares of the company’s stock valued at $2,459,000 after purchasing an additional 8,855 shares during the last quarter. Jane Street Group LLC grew its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 33.8% during the 2nd quarter. Jane Street Group LLC now owns 33,305 shares of the company’s stock worth $1,553,000 after acquiring an additional 8,405 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the third quarter worth approximately $144,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Down 0.1%

Shares of BBHY stock opened at $45.76 on Thursday. The company has a market cap of $449.82 million, a price-to-earnings ratio of 60.43 and a beta of 0.40. The firm has a 50 day moving average of $45.94 and a 200-day moving average of $46.17. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 52 week low of $45.23 and a 52 week high of $47.11.

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.