Royal Fund Management LLC Sells 61,906 Shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

Royal Fund Management LLC decreased its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 59.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,580 shares of the company’s stock after selling 61,906 shares during the period. Royal Fund Management LLC owned 0.42% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF worth $1,954,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Tripletail Wealth Management LLC purchased a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 3rd quarter worth $36,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the second quarter worth about $62,000. Steward Partners Investment Advisory LLC grew its position in shares of 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 purchasing an additional 844 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 172.1% during the third quarter. Geneos Wealth Management Inc. now owns 1,973 shares of the company’s stock worth $93,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 1st quarter valued at approximately $109,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

BBHY stock opened at $46.78 on Monday. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 1-year low of $43.49 and a 1-year high of $47.39. The company has a market capitalization of $459.85 million, a price-to-earnings ratio of 60.43 and a beta of 0.40. The business has a 50 day simple moving average of $46.57 and a two-hundred day simple moving average of $46.61.

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.