Raymond James Financial Inc. Purchases Shares of 41,178 JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY)

Raymond James Financial Inc. bought a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 41,178 shares of the company’s stock, valued at approximately $1,897,000.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,651,543 shares of the company’s stock valued at $693,897,000 after buying an additional 2,589,512 shares during the last quarter. Jane Street Group LLC boosted its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 245.1% during the 3rd quarter. Jane Street Group LLC now owns 395,535 shares of the company’s stock valued at $18,733,000 after acquiring an additional 280,936 shares in the last quarter. Royal Fund Management LLC grew its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 4.5% in the fourth quarter. Royal Fund Management LLC now owns 96,280 shares of the company’s stock valued at $4,447,000 after acquiring an additional 4,120 shares during the period. Park Avenue Securities LLC increased its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.6% during the 4th quarter. Park Avenue Securities LLC now owns 95,358 shares of the company’s stock valued at $4,394,000 after purchasing an additional 3,321 shares in the last quarter. Finally, Mission Wealth Management LP raised its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 1.6% in the fourth quarter. Mission Wealth Management LP now owns 82,529 shares of the company’s stock worth $3,803,000 after acquiring an additional 1,294 shares during the last quarter.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

Shares of BBHY stock opened at $46.04 on Tuesday. The stock has a market cap of $943.80 million, a PE ratio of 59.97 and a beta of 0.49. The firm’s 50 day moving average price is $46.45 and its two-hundred day moving average price is $46.61. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 52-week low of $44.94 and a 52-week high of $47.39.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a dividend of $0.2858 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous dividend of $0.25.

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.