JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Reaches New 52-Week High – Still a Buy?

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $47.11 and last traded at $47.08, with a volume of 4383 shares. The stock had previously closed at $47.00.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Stock Up 0.2%

The firm’s 50-day moving average price is $46.58 and its 200 day moving average price is $46.58.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.158 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.0%.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Aggregate Bond ETF

A number of institutional investors have recently modified their holdings of BBAG. Ascent Group LLC increased its holdings in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 298.9% during the third 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 grew its position in 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 acquiring an additional 260,186 shares during the last quarter. Heck Capital Advisors LLC increased its holdings in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 11.2% in the 3rd quarter. Heck Capital Advisors LLC now owns 191,520 shares of the company’s stock worth $8,938,000 after purchasing an additional 19,310 shares in the last quarter. Osaic Holdings Inc. increased its holdings in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 36.7% in the 2nd quarter. Osaic Holdings Inc. now owns 87,270 shares of the company’s stock worth $4,030,000 after purchasing an additional 23,428 shares in the last quarter. Finally, CWM LLC raised its position in 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 valued at $5,182,000 after purchasing an additional 23,162 shares during 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. BBAG was launched on Dec 12, 2018 and is managed by JPMorgan Chase.