Empowered Funds LLC Raises Holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

Empowered Funds LLC increased its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 12.8% in the 1st quarter, HoldingsChannel reports. The fund owned 111,162 shares of the company’s stock after purchasing an additional 12,606 shares during the quarter. Empowered Funds LLC’s holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF were worth $5,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BBHY. HighTower Advisors LLC lifted its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.3% in the 4th quarter. HighTower Advisors LLC now owns 486,077 shares of the company’s stock valued at $22,603,000 after purchasing an additional 15,562 shares during the last quarter. WCG Wealth Advisors LLC purchased a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter worth $5,864,000. Nolet Wealth Management LLC purchased a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter worth $1,093,000. Independent Wealth Network Inc. acquired a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 1st quarter worth about $592,000. Finally, Vawter Financial Ltd. increased its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 7.6% during the 1st quarter. Vawter Financial Ltd. now owns 120,789 shares of the company’s stock worth $5,536,000 after purchasing an additional 8,489 shares during the last quarter.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Performance

Shares of BBHY opened at $45.72 on Friday. The firm has a market cap of $449.43 million, a P/E ratio of 60.43 and a beta of 0.40. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 12-month low of $45.23 and a 12-month high of $47.11. The company’s 50-day moving average price is $45.91 and its 200 day moving average price is $46.12.

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. BBHY was launched on Sep 14, 2016 and is managed by JPMorgan Chase.