Highland Investment Advisors LLC Makes New Investment in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY

Highland Investment Advisors LLC acquired a new position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) during the second quarter, Holdings Channel reports. The institutional investor acquired 119,600 shares of the company’s stock, valued at approximately $5,513,000. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF accounts for 2.4% of Highland Investment Advisors LLC’s portfolio, making the stock its 13th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 5.7% during the fourth quarter. LPL Financial LLC now owns 1,068,484 shares of the company’s stock worth $49,684,000 after buying an additional 57,776 shares in the last quarter. Bank of America Corp DE increased its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.7% in the third quarter. Bank of America Corp DE now owns 973,990 shares of the company’s stock valued at $45,778,000 after buying an additional 86,326 shares in the last quarter. HighTower Advisors LLC raised 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 worth $22,603,000 after acquiring an additional 15,562 shares during the period. Janney Montgomery Scott LLC raised its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 11.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 459,172 shares of the company’s stock worth $21,351,000 after acquiring an additional 48,832 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter worth about $7,641,000.

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

BATS:BBHY opened at $45.50 on Friday. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 52 week low of $45.23 and a 52 week high of $47.11. The stock has a market capitalization of $447.26 million, a PE ratio of 60.43 and a beta of 0.40. The stock’s 50-day moving average price is $45.79 and its 200-day moving average price is $45.96.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Company 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.