23,506 Shares in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY Bought by Nolet Wealth Management LLC

Nolet Wealth Management LLC purchased a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 23,506 shares of the company’s stock, valued at approximately $1,093,000. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF makes up about 0.6% of Nolet Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. Nolet Wealth Management LLC owned approximately 0.24% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 23.0% during the first quarter. Royal Bank of Canada now owns 6,133 shares of the company’s stock worth $282,000 after purchasing an additional 1,147 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the first quarter valued at about $109,000. Raymond James Financial Inc. grew its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 20.2% in the second quarter. Raymond James Financial Inc. now owns 52,715 shares of the company’s stock valued at $2,459,000 after buying an additional 8,855 shares in the last quarter. Jane Street Group LLC grew its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 33.8% in the second quarter. Jane Street Group LLC now owns 33,305 shares of the company’s stock valued at $1,553,000 after buying an additional 8,405 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 470,515 shares of the company’s stock valued at $22,114,000 after buying an additional 9,551 shares during the period.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF stock opened at $46.06 on Friday. The stock’s 50 day moving average price is $46.08 and its 200 day moving average price is $46.28. The firm has a market capitalization of $452.77 million, a PE ratio of 60.43 and a beta of 0.40. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a one year low of $45.23 and a one year high of $47.11.

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.