JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) Stock Price Up 0.1% – Here’s Why

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY)’s share price rose 0.1% on Wednesday . The stock traded as high as $46.02 and last traded at $46.00. Approximately 37,602 shares were traded during trading, a decline of 67% from the average daily volume of 113,127 shares. The stock had previously closed at $45.97.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Trading Down 0.4%

The firm’s 50 day moving average is $45.98 and its two-hundred day moving average is $46.38. The firm has a market cap of $450.02 million, a P/E ratio of 60.43 and a beta of 0.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BBHY. JPMorgan Chase & Co. boosted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,290,150 shares of the company’s stock worth $107,637,000 after acquiring an additional 200,915 shares during the last quarter. Jane Street Group LLC acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $7,641,000. WCG Wealth Advisors LLC acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter worth approximately $5,864,000. Vawter Financial Ltd. raised its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 1,693.1% during the 3rd quarter. Vawter Financial Ltd. now owns 102,513 shares of the company’s stock worth $4,818,000 after buying an additional 96,796 shares during the period. Finally, Bank of America Corp DE raised its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.7% during the 3rd quarter. Bank of America Corp DE now owns 973,990 shares of the company’s stock worth $45,778,000 after buying an additional 86,326 shares during the period.

About JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

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.