JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Sees Strong Trading Volume – Here’s What Happened

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) saw strong trading volume on Wednesday . 622,349 shares were traded during trading, an increase of 832% from the previous session’s volume of 66,799 shares.The stock last traded at $46.05 and had previously closed at $46.16.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Price Performance

The firm has a 50 day moving average of $46.47 and a 200-day moving average of $46.58.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a $0.1571 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAG. Ascent Group LLC lifted its position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 298.9% in the 3rd quarter. Ascent Group LLC now owns 53,450 shares of the company’s stock worth $2,495,000 after buying an additional 40,051 shares in the last quarter. Apella Capital LLC boosted its stake 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 valued at $17,192,000 after buying an additional 260,186 shares during the period. Osaic Holdings Inc. grew its holdings in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 36.7% during the 2nd quarter. Osaic Holdings Inc. now owns 87,270 shares of the company’s stock valued at $4,030,000 after acquiring an additional 23,428 shares in the last quarter. Heck Capital Advisors LLC increased its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 11.2% in the third quarter. Heck Capital Advisors LLC now owns 191,520 shares of the company’s stock worth $8,938,000 after acquiring an additional 19,310 shares during the last quarter. Finally, CWM LLC increased its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 26.4% in the third quarter. CWM LLC now owns 111,044 shares of the company’s stock worth $5,182,000 after acquiring an additional 23,162 shares during the last quarter.

About JPMorgan BetaBuilders U.S. Aggregate Bond ETF

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.