Independent Wealth Network Inc. Takes Position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

Independent Wealth Network Inc. purchased a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 12,921 shares of the company’s stock, valued at approximately $592,000.

Several other institutional investors have also modified their holdings of BBHY. HighTower Advisors LLC increased its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 3.3% in the fourth quarter. HighTower Advisors LLC now owns 486,077 shares of the company’s stock valued at $22,603,000 after buying an additional 15,562 shares in the last quarter. WCG Wealth Advisors LLC acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the 4th quarter valued at about $5,864,000. Royal Fund Management LLC grew its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 171.3% in the 4th quarter. Royal Fund Management LLC now owns 112,796 shares of the company’s stock valued at $5,245,000 after acquiring an additional 71,216 shares during the last quarter. Nolet Wealth Management LLC purchased a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter valued at about $1,093,000. Finally, ORG Partners LLC increased its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 11.1% during the 4th quarter. ORG Partners LLC now owns 7,127 shares of the company’s stock valued at $331,000 after acquiring an additional 710 shares in the last quarter.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Trading Up 0.1%

Shares of BBHY opened at $46.03 on Friday. 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 stock has a market cap of $452.47 million, a P/E ratio of 60.43 and a beta of 0.40. The company has a 50-day moving average of $46.06 and a two-hundred day moving average of $46.27.

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.