Janney Montgomery Scott LLC Sells 148,642 Shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

Janney Montgomery Scott LLC reduced its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 32.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 310,530 shares of the company’s stock after selling 148,642 shares during the period. Janney Montgomery Scott LLC’s holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF were worth $14,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBHY. LPL Financial LLC boosted its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.7% during the fourth quarter. LPL Financial LLC now owns 1,068,484 shares of the company’s stock valued at $49,684,000 after purchasing an additional 57,776 shares during the period. Bank of America Corp DE increased its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.7% in the third 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. HighTower Advisors LLC raised its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.3% during the 4th quarter. HighTower Advisors LLC now owns 486,077 shares of the company’s stock valued at $22,603,000 after buying an additional 15,562 shares during the last quarter. Jane Street Group LLC bought a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter valued at $7,641,000. Finally, WCG Wealth Advisors LLC purchased a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter valued at $5,864,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

BATS BBHY opened at $45.83 on Thursday. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 1 year low of $45.23 and a 1 year high of $47.11. The business’s 50-day moving average is $46.04 and its 200 day moving average is $46.25. The stock has a market capitalization of $450.51 million, a PE ratio of 60.43 and a beta of 0.40.

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.