JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Sees Large Volume Increase – Still a Buy?

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) shares saw unusually-strong trading volume on Friday . Approximately 45,675 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 53,214 shares.The stock last traded at $46.50 and had previously closed at $46.49.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Price Performance

The stock’s 50 day simple moving average is $46.55 and its two-hundred day simple moving average is $46.46.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BBAG. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 100.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,597,739 shares of the company’s stock valued at $73,768,000 after buying an additional 801,874 shares during the period. Apella Capital LLC grew its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 245.7% during the 3rd quarter. Apella Capital LLC now owns 366,095 shares of the company’s stock worth $17,192,000 after buying an additional 260,186 shares during the period. Cetera Investment Advisers increased its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 38.5% in the 2nd quarter. Cetera Investment Advisers now owns 378,289 shares of the company’s stock valued at $17,466,000 after acquiring an additional 105,084 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,928,102 shares of the company’s stock valued at $229,995,000 after acquiring an additional 97,648 shares during the period. Finally, CWM LLC raised its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 397.7% in the 2nd quarter. CWM LLC now owns 87,882 shares of the company’s stock valued at $4,058,000 after acquiring an additional 70,223 shares during the period.

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. BBAG was launched on Dec 12, 2018 and is managed by JPMorgan Chase.