Janney Montgomery Scott LLC Lowers Stock Position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

Janney Montgomery Scott LLC lessened its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 39.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 366,052 shares of the company’s stock after selling 242,484 shares during the quarter. Janney Montgomery Scott LLC’s holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF were worth $17,073,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Capital Investment Advisory Services LLC purchased a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 1st quarter worth approximately $84,000. Jones Financial Companies Lllp purchased a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 1st quarter worth approximately $109,000. ORG Partners LLC purchased a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 2nd quarter worth approximately $232,000. Royal Bank of Canada lifted its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 23.0% in the 1st 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 during the period. Finally, Gateway Wealth Partners LLC lifted its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 27.3% in the 1st quarter. Gateway Wealth Partners LLC now owns 8,727 shares of the company’s stock worth $402,000 after purchasing an additional 1,874 shares during the period.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

Shares of BBHY opened at $46.79 on Friday. The company has a 50 day moving average price of $46.70 and a 200-day moving average price of $46.12. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a fifty-two week low of $43.49 and a fifty-two week high of $47.39. The stock has a market capitalization of $459.90 million, a PE ratio of 60.43 and a beta of 0.40.

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.