HighTower Advisors LLC Buys 15,562 Shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

HighTower Advisors LLC raised its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486,077 shares of the company’s stock after acquiring an additional 15,562 shares during the quarter. HighTower Advisors LLC’s holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF were worth $22,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 2,290,150 shares of the company’s stock worth $107,637,000 after acquiring an additional 200,915 shares during the last quarter. Bank of America Corp DE boosted its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.7% during the 3rd 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. Envestnet Asset Management Inc. boosted its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 18.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 377,766 shares of the company’s stock worth $17,755,000 after buying an additional 57,572 shares during the period. Assetmark Inc. boosted its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.1% during the 3rd quarter. Assetmark Inc. now owns 144,916 shares of the company’s stock worth $6,811,000 after buying an additional 4,404 shares during the period. Finally, Royal Fund Management LLC boosted its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 171.3% during the 4th quarter. Royal Fund Management LLC now owns 112,796 shares of the company’s stock worth $5,245,000 after buying an additional 71,216 shares during the period.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

BATS:BBHY opened at $45.99 on Friday. The firm’s 50 day simple moving average is $45.96 and its 200 day simple moving average is $46.34. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a one year low of $45.23 and a one year high of $47.11. The company has a market cap of $452.08 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.