JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Shares Up 0.2% – Time to Buy?

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY)’s stock price traded up 0.2% during mid-day trading on Monday . The stock traded as high as $46.64 and last traded at $46.63. 367,021 shares were traded during trading, an increase of 121% from the average session volume of 166,185 shares. The stock had previously closed at $46.55.

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

The company has a market capitalization of $458.37 million, a PE ratio of 60.43 and a beta of 0.40. The company has a 50-day moving average price of $46.65 and a two-hundred day moving average price of $46.64.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. 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.

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

A number of institutional investors and hedge funds have recently modified their holdings of BBHY. IFP Advisors Inc increased its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 27.7% in the 4th quarter. IFP Advisors Inc now owns 7,016 shares of the company’s stock worth $326,000 after acquiring an additional 1,523 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.3% during the fourth quarter. HighTower Advisors LLC now owns 486,077 shares of the company’s stock worth $22,603,000 after purchasing an additional 15,562 shares in the last quarter. Mission Wealth Management LP grew its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 0.7% during the fourth quarter. Mission Wealth Management LP now owns 97,086 shares of the company’s stock worth $4,514,000 after purchasing an additional 701 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV increased its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.1% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 5,296 shares of the company’s stock worth $246,000 after purchasing an additional 259 shares during the last quarter. Finally, Truist Financial Corp raised its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 16.2% in the fourth quarter. Truist Financial Corp now owns 5,988 shares of the company’s stock valued at $278,000 after purchasing an additional 837 shares in 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.