JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Sees Unusually-High Trading Volume – Still a Buy?

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) saw strong trading volume on Monday . 677,258 shares were traded during mid-day trading, an increase of 244% from the previous session’s volume of 197,133 shares.The stock last traded at $46.27 and had previously closed at $46.33.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Stock Performance

The stock’s 50-day moving average price is $46.10 and its 200-day moving average price is $46.23.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Clearwater Capital Advisors LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 4.1% in the 2nd quarter. Clearwater Capital Advisors LLC now owns 848,701 shares of the company’s stock worth $38,540,000 after buying an additional 33,647 shares in the last quarter. Janney Montgomery Scott LLC raised its position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 18.2% during the third quarter. Janney Montgomery Scott LLC now owns 674,826 shares of the company’s stock worth $31,933,000 after acquiring an additional 104,104 shares during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 1.9% in the third quarter. Iron Horse Wealth Management LLC now owns 462,437 shares of the company’s stock valued at $21,883,000 after purchasing an additional 8,538 shares in the last quarter. HighTower Advisors LLC grew its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 3.4% in the third quarter. HighTower Advisors LLC now owns 440,693 shares of the company’s stock valued at $20,860,000 after purchasing an additional 14,627 shares during the last quarter. Finally, Bensler LLC increased its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 11.3% during the 2nd quarter. Bensler LLC now owns 349,677 shares of the company’s stock worth $15,879,000 after purchasing an additional 35,503 shares in the last quarter.

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.