Pinnacle Wealth Planning Services Inc. Buys 5,904 Shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY)

Pinnacle Wealth Planning Services Inc. increased its stake in shares of JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BATS:BBHY) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,295 shares of the company’s stock after purchasing an additional 5,904 shares during the quarter. JPMorgan BetaBuilders USD High Yield Corporate Bond ETF comprises about 0.1% of Pinnacle Wealth Planning Services Inc.’s portfolio, making the stock its 26th biggest position. Pinnacle Wealth Planning Services Inc.’s holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF were worth $4,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BBHY. Wealth Enhancement Advisory Services LLC lifted its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 61.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,456 shares of the company’s stock valued at $495,000 after buying an additional 3,985 shares during the period. Farther Finance Advisors LLC lifted its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 89.0% in the third quarter. Farther Finance Advisors LLC now owns 10,366 shares of the company’s stock valued at $491,000 after buying an additional 4,880 shares during the period. LGT Financial Advisors LLC lifted its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 62.3% in the third quarter. LGT Financial Advisors LLC now owns 1,000 shares of the company’s stock valued at $47,000 after buying an additional 384 shares during the period. Graypoint LLC lifted its holdings in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF by 60.4% in the third quarter. Graypoint LLC now owns 18,669 shares of the company’s stock valued at $884,000 after buying an additional 7,032 shares during the period. Finally, Sigma Planning Corp acquired a new position in JPMorgan BetaBuilders USD High Yield Corporate Bond ETF in the third quarter valued at approximately $403,000.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Price Performance

Shares of BATS BBHY opened at $46.46 on Thursday. The firm has a fifty day simple moving average of $46.48 and a 200 day simple moving average of $46.68. The firm has a market capitalization of $933.75 million, a price-to-earnings ratio of 60.99 and a beta of 0.47.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were issued a $0.2858 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from JPMorgan BetaBuilders USD High Yield Corporate Bond ETF’s previous dividend of $0.25.

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF Company 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.