23,506 Shares in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY Bought by Nolet Wealth Management LLC

Nolet Wealth Management LLC acquired a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) during the fourth quarter, Holdings Channel.com reports. The firm acquired 23,506 shares of the company’s stock, valued at approximately $1,093,000. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF makes up approximately 0.6% of Nolet Wealth Management LLC’s portfolio, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vawter Financial Ltd. increased its position in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 1,693.1% during the third quarter. Vawter Financial Ltd. now owns 102,513 shares of the company’s stock worth $4,818,000 after acquiring an additional 96,796 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 2,290,150 shares of the company’s stock valued at $107,637,000 after purchasing an additional 200,915 shares during the last quarter. HighTower Advisors LLC boosted its holdings in 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 valued at $22,603,000 after purchasing an additional 15,562 shares during the last quarter. Royal Fund Management LLC grew its stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 171.3% during the 4th quarter. Royal Fund Management LLC now owns 112,796 shares of the company’s stock valued at $5,245,000 after purchasing an additional 71,216 shares in the last quarter. Finally, WCG Wealth Advisors LLC acquired a new stake in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 4th quarter valued at approximately $5,864,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Stock Up 0.3%

BBHY stock opened at $46.06 on Friday. The stock’s 50 day moving average is $46.08 and its two-hundred day moving average is $46.28. 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 company has a market capitalization of $452.77 million, a PE ratio of 60.43 and a beta of 0.40.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF 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.