Envestnet Asset Management Inc. Has $32.64 Million Stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY)

Envestnet Asset Management Inc. cut its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 708,227 shares of the company’s stock after selling 48,773 shares during the quarter. Envestnet Asset Management Inc. owned about 2.92% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF worth $32,635,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Missouri Trust & Investment Co acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the fourth quarter worth approximately $29,000. AdvisorNet Financial Inc bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 4th quarter valued at $43,000. Continuum Advisory LLC grew its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 37.8% in the third quarter. Continuum Advisory LLC now owns 1,065 shares of the company’s stock valued at $50,000 after acquiring an additional 292 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 92.1% during the 4th quarter. Global Retirement Partners LLC now owns 3,921 shares of the company’s stock worth $181,000 after purchasing an additional 1,880 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 6.4% during the fourth quarter. IFP Advisors Inc now owns 3,999 shares of the company’s stock worth $184,000 after purchasing an additional 240 shares during the period.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Trading Down 1.3 %

BATS BBHY opened at $44.54 on Friday. The company has a market cap of $661.42 million, a price-to-earnings ratio of 59.75 and a beta of 0.42. 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 50 day moving average of $46.03 and a 200-day moving average of $46.44.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a $0.2858 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous dividend of $0.25.

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.