Vestmark Advisory Solutions Inc. Sells 28,327 Shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY)

Vestmark Advisory Solutions Inc. lessened its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 499,008 shares of the company’s stock after selling 28,327 shares during the quarter. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF accounts for 0.8% of Vestmark Advisory Solutions Inc.’s portfolio, making the stock its 23rd biggest holding. Vestmark Advisory Solutions Inc. owned 2.06% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF worth $22,994,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BBHY. Pinnacle Wealth Planning Services Inc. increased its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 6.8% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 93,295 shares of the company’s stock valued at $4,299,000 after buying an additional 5,904 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter valued at $1,897,000. Mission Wealth Management LP increased its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 1.6% in the 4th quarter. Mission Wealth Management LP now owns 82,529 shares of the company’s stock worth $3,803,000 after purchasing an additional 1,294 shares in the last quarter. IFP Advisors Inc lifted its position in 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 valued at $184,000 after purchasing an additional 240 shares in the last quarter. Finally, Sigma Planning Corp lifted its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 49.1% during the fourth quarter. Sigma Planning Corp now owns 12,689 shares of the company’s stock valued at $585,000 after purchasing an additional 4,181 shares in the last quarter.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

Shares of BBHY opened at $46.46 on Thursday. The stock has a 50 day moving average of $46.48 and a 200-day moving average of $46.68. The stock has a market capitalization of $933.75 million, a PE ratio of 60.99 and a beta of 0.47.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.2858 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous dividend of $0.25.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF 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.