JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) Sees Large Volume Increase – Still a Buy?

JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) saw unusually-high trading volume on Tuesday . Approximately 152,108 shares changed hands during mid-day trading, an increase of 169% from the previous session’s volume of 56,640 shares.The stock last traded at $46.6450 and had previously closed at $46.79.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Stock Performance

The stock has a 50-day moving average price of $46.60 and a two-hundred day moving average price of $46.59.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.1571 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Trading of JPMorgan BetaBuilders U.S. Aggregate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 4th quarter valued at $34,000. Larson Financial Group LLC bought a new stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the fourth quarter valued at about $46,000. Cary Street Partners Financial LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF in the fourth quarter valued at about $53,000. GGM Financials LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF in the third quarter valued at about $61,000. Finally, Advisory Services Network LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF in the third quarter worth about $64,000.

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.