JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Sees Strong Trading Volume – Still a Buy?

Shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) saw an uptick in trading volume on Monday . 311,141 shares traded hands during mid-day trading, an increase of 393% from the previous session’s volume of 63,139 shares.The stock last traded at $45.97 and had previously closed at $45.79.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Trading Up 0.5%

The company has a 50-day simple moving average of $46.55 and a two-hundred day simple moving average of $46.61.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.1571 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Aggregate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAG. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,928,102 shares of the company’s stock valued at $229,995,000 after buying an additional 97,648 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 2.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,641,731 shares of the company’s stock valued at $76,620,000 after acquiring an additional 43,992 shares during the period. Clearwater Capital Advisors LLC lifted its position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 6.3% during the 4th quarter. Clearwater Capital Advisors LLC now owns 1,107,784 shares of the company’s stock valued at $51,423,000 after acquiring an additional 65,989 shares during the period. Jane Street Group LLC bought a new stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the fourth quarter worth about $19,167,000. Finally, Apella Capital LLC boosted its stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 0.7% during the fourth quarter. Apella Capital LLC now owns 368,751 shares of the company’s stock worth $17,117,000 after acquiring an additional 2,656 shares in the last quarter.

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.