JPMorgan Chase & Co. Lowers Stake in BrightSpring Health Services, Inc. (NASDAQ:BTSGU)

JPMorgan Chase & Co. decreased its position in BrightSpring Health Services, Inc. (NASDAQ:BTSGU) by 67.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,106 shares of the company’s stock after selling 14,793 shares during the quarter. JPMorgan Chase & Co.’s holdings in BrightSpring Health Services were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of BrightSpring Health Services by 1.6% in the third quarter. Van ECK Associates Corp now owns 323,854 shares of the company’s stock valued at $19,059,000 after purchasing an additional 4,947 shares during the period. State Street Corp lifted its holdings in BrightSpring Health Services by 7.0% during the 3rd quarter. State Street Corp now owns 123,000 shares of the company’s stock worth $6,931,000 after buying an additional 8,000 shares in the last quarter. Bank of Montreal Can purchased a new position in BrightSpring Health Services in the 2nd quarter valued at approximately $1,694,000. BlueCrest Capital Management Ltd grew its stake in shares of BrightSpring Health Services by 710.2% in the third quarter. BlueCrest Capital Management Ltd now owns 56,244 shares of the company’s stock worth $3,135,000 after acquiring an additional 49,302 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of BrightSpring Health Services during the second quarter worth $11,768,000.

BrightSpring Health Services Trading Up 3.1 %

Shares of NASDAQ BTSGU opened at $83.22 on Thursday. The business’s fifty day simple moving average is $67.51 and its 200-day simple moving average is $59.07. BrightSpring Health Services, Inc. has a 12-month low of $34.55 and a 12-month high of $89.00.

BrightSpring Health Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th will be given a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Wednesday, January 15th.

BrightSpring Health Services Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.