Assetmark Inc. Decreases Stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

Assetmark Inc. lowered its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 34.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 94,378 shares of the company’s stock after selling 50,416 shares during the quarter. Assetmark Inc.’s holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF were worth $4,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BBHY. Acorn Financial Advisory Services Inc. ADV boosted its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.1% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 5,296 shares of the company’s stock valued at $246,000 after acquiring an additional 259 shares during the last quarter. Ascent Group LLC grew its holdings in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 2.4% in the fourth quarter. Ascent Group LLC now owns 12,341 shares of the company’s stock worth $574,000 after purchasing an additional 295 shares during the last quarter. Sigma Planning Corp increased its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 1.6% in the first quarter. Sigma Planning Corp now owns 24,292 shares of the company’s stock valued at $1,113,000 after acquiring an additional 382 shares during the period. Capital Analysts LLC increased its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 6.1% during the 4th quarter. Capital Analysts LLC now owns 7,020 shares of the company’s stock valued at $326,000 after purchasing an additional 406 shares during the period. Finally, Investment Partners Asset Management Inc. increased its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 1.2% during the fourth quarter. Investment Partners Asset Management Inc. now owns 46,056 shares of the company’s stock valued at $2,142,000 after buying an additional 556 shares during the period.

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

Shares of BATS BBHY opened at $45.76 on Thursday. 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 firm has a market capitalization of $449.82 million, a PE ratio of 60.43 and a beta of 0.40. The firm has a fifty day simple moving average of $45.94 and a two-hundred day simple moving average of $46.17.

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.