JPMorgan BetaBuilders USD High Yield Corporate Bond ETF $BBHY Shares Purchased by Royal Fund Management LLC

Royal Fund Management LLC boosted its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 171.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,796 shares of the company’s stock after purchasing an additional 71,216 shares during the period. Royal Fund Management LLC owned approximately 1.15% of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF worth $5,245,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tripletail Wealth Management LLC purchased a new stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF during the 3rd quarter valued at $36,000. Twin Peaks Wealth Advisors LLC acquired a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the second quarter valued at $62,000. Capital Investment Advisory Services LLC boosted its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 33.9% in the third quarter. Capital Investment Advisory Services LLC now owns 1,366 shares of the company’s stock valued at $64,000 after acquiring an additional 346 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 147.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,417 shares of the company’s stock valued at $66,000 after acquiring an additional 844 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 2,156.9% during the third quarter. SBI Securities Co. Ltd. now owns 1,467 shares of the company’s stock valued at $69,000 after acquiring an additional 1,402 shares during the period.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

Shares of BATS:BBHY opened at $45.38 on Tuesday. The business has a 50-day moving average of $46.30 and a two-hundred day moving average of $46.53. The firm has a market capitalization of $446.09 million, a PE ratio of 60.43 and a beta of 0.40. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF has a 12 month low of $43.49 and a 12 month high of $47.11.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.277 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous monthly dividend of $0.27.

About JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

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.