Vestmark Advisory Solutions Inc. Sells 25,702 Shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF $BBCB

Vestmark Advisory Solutions Inc. reduced its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (NYSEARCA:BBCB) by 39.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,210 shares of the company’s stock after selling 25,702 shares during the period. Vestmark Advisory Solutions Inc. owned 4.73% of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF worth $1,860,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Lion Street Advisors LLC raised its stake in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 30.1% during the 3rd quarter. Lion Street Advisors LLC now owns 16,191 shares of the company’s stock worth $749,000 after acquiring an additional 3,745 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 9,911 shares of the company’s stock worth $459,000 after purchasing an additional 410 shares in the last quarter. Jmac Enterprises LLC increased its stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 2.0% in the third quarter. Jmac Enterprises LLC now owns 86,111 shares of the company’s stock worth $3,984,000 after purchasing an additional 1,679 shares in the last quarter. Midwestern Financial LLC IA bought a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at $615,000. Finally, Bank of America Corp DE boosted its holdings in JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 46.5% in the 2nd quarter. Bank of America Corp DE now owns 8,565 shares of the company’s stock worth $391,000 after buying an additional 2,720 shares during the period.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Price Performance

NYSEARCA:BBCB opened at $46.29 on Wednesday. The business’s 50-day simple moving average is $46.01 and its two-hundred day simple moving average is $46.07. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a 52 week low of $43.49 and a 52 week high of $46.72.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.1792 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 2nd.

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Company Profile

The JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond 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. BBCB was launched on Dec 12, 2018 and is managed by JPMorgan Chase.