Envestnet Asset Management Inc. Increases Stock Position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY)

Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 81.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 638,907 shares of the company’s stock after buying an additional 286,155 shares during the quarter. Envestnet Asset Management Inc.’s holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF were worth $29,224,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BBHY. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 91.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,291 shares of the company’s stock valued at $60,000 after buying an additional 618 shares in the last quarter. Comerica Bank lifted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 386.7% in the 1st quarter. Comerica Bank now owns 1,650 shares of the company’s stock worth $76,000 after purchasing an additional 1,311 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $126,000. Concourse Financial Group Securities Inc. lifted its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 15.1% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 3,447 shares of the company’s stock worth $159,000 after purchasing an additional 453 shares in the last quarter. Finally, CGN Advisors LLC purchased a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 1st quarter worth approximately $205,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

BATS BBHY opened at $47.27 on Friday. The business has a 50-day moving average price of $46.52 and a 200 day moving average price of $46.00.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were paid a $0.3131 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous dividend of $0.28.

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.