JPMorgan Chase & Co. Sells 26,206 Shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF $BBCB

JPMorgan Chase & Co. trimmed its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) by 42.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,178 shares of the company’s stock after selling 26,206 shares during the quarter. JPMorgan Chase & Co. owned approximately 4.26% of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. FWL Investment Management LLC grew its position in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.9% during the 2nd quarter. FWL Investment Management LLC now owns 1,802 shares of the company’s stock worth $82,000 after acquiring an additional 234 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $84,000. Cetera Investment Advisers lifted its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 5,539 shares of the company’s stock worth $253,000 after buying an additional 326 shares during the period. Bank of America Corp DE lifted its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 46.5% in the 2nd quarter. Bank of America Corp DE now owns 8,565 shares of the company’s stock worth $391,000 after buying an additional 2,720 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 4.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,911 shares of the company’s stock worth $459,000 after buying an additional 410 shares during the period.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Trading Up 0.2%

NYSEARCA BBCB opened at $45.32 on Wednesday. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a fifty-two week low of $43.49 and a fifty-two week high of $46.72. The stock has a 50 day simple moving average of $45.71 and a two-hundred day simple moving average of $45.97.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.189 dividend. This is an increase from JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.0%.

About JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

The JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond 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. BBCB was launched on Dec 12, 2018 and is managed by JPMorgan Chase.