JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Reaches New 12-Month Low – Here’s Why

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $45.28 and last traded at $45.29, with a volume of 2012 shares traded. The stock had previously closed at $45.41.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Stock Performance

The company’s 50-day simple moving average is $45.68 and its 200-day simple moving average is $46.11.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 8.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,161 shares of the company’s stock worth $193,000 after acquiring an additional 324 shares during the period. Avestar Capital LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 4.5% during the fourth quarter. Avestar Capital LLC now owns 9,855 shares of the company’s stock worth $457,000 after purchasing an additional 427 shares during the last quarter. Cornerstone Planning Group LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the first quarter worth $29,000. Fairway Wealth LLC purchased a new position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF in the 4th quarter valued at $34,000. Finally, Larson Financial Group LLC acquired a new position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF in the 4th quarter valued at $46,000.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Company Profile

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.