JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Reaches New 1-Year High – Here’s Why

Shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) reached a new 52-week high on Friday . The stock traded as high as $47.11 and last traded at $47.08, with a volume of 4383 shares traded. The stock had previously closed at $47.00.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Price Performance

The company’s 50 day moving average is $46.58 and its 200 day moving average is $46.58.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.158 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Aggregate Bond ETF

Several institutional investors have recently made changes to their positions in BBAG. Steward Partners Investment Advisory LLC raised its holdings in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 8.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,161 shares of the company’s stock valued at $193,000 after acquiring an additional 324 shares in the last quarter. Atria Investments Inc increased its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 6.4% in the second quarter. Atria Investments Inc now owns 6,427 shares of the company’s stock worth $297,000 after purchasing an additional 384 shares during the period. Avestar Capital LLC increased its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 4.5% in the fourth quarter. Avestar Capital LLC now owns 9,855 shares of the company’s stock worth $457,000 after purchasing an additional 427 shares during the period. 5T Wealth LLC raised its stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 4.6% in the third quarter. 5T Wealth LLC now owns 10,662 shares of the company’s stock valued at $498,000 after purchasing an additional 469 shares in the last quarter. Finally, ACT Advisors LLC. lifted its position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 1.2% during the third quarter. ACT Advisors LLC. now owns 46,106 shares of the company’s stock worth $2,152,000 after purchasing an additional 525 shares during the period.

About JPMorgan BetaBuilders U.S. Aggregate Bond ETF

The JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a market-cap weighted index to provide exposure to investment grade, USD-denominated debt securities from government and corporate issuers. The fund may invest in securities of any maturity. BBAG was launched on Dec 12, 2018 and is managed by JPMorgan Chase.