JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Sees Large Volume Increase – Here’s Why

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) saw an uptick in trading volume on Wednesday . Approximately 1,227,203 shares changed hands during mid-day trading, an increase of 1,172% from the previous session’s volume of 96,491 shares.The stock last traded at $45.19 and had previously closed at $45.13.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Stock Performance

The stock has a 50-day simple moving average of $45.56 and a 200 day simple moving average of $46.00.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Aggregate Bond ETF

Institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 1st quarter valued at approximately $29,000. Fairway Wealth LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 4th quarter worth about $34,000. Larson Financial Group LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 4th quarter worth about $46,000. Cary Street Partners Financial LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 4th quarter valued at about $53,000. Finally, Advisory Services Network LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF in the 3rd quarter valued at about $64,000.

About JPMorgan BetaBuilders U.S. Aggregate Bond ETF

The JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a market-cap weighted index to provide exposure to investment grade, USD-denominated debt securities from government and corporate issuers. The fund may invest in securities of any maturity. BBAG was launched on Dec 12, 2018 and is managed by JPMorgan Chase.