Valley National Advisers Inc. Cuts Position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG)

Valley National Advisers Inc. lessened its stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG) by 15.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,017 shares of the company’s stock after selling 742 shares during the quarter. Valley National Advisers Inc.’s holdings in JPMorgan BetaBuilders U.S. Aggregate Bond ETF were worth $184,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BBAG. Fifth Third Bancorp purchased a new position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF in the 4th quarter valued at about $135,000. Global Retirement Partners LLC increased its holdings in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 89.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,734 shares of the company’s stock valued at $172,000 after acquiring an additional 1,764 shares in the last quarter. Cobblestone Asset Management LLC purchased a new position in JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 4th quarter valued at about $221,000. Private Advisor Group LLC boosted its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 9.3% during the 4th quarter. Private Advisor Group LLC now owns 6,856 shares of the company’s stock worth $319,000 after purchasing an additional 586 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF during the 4th quarter worth about $329,000.

JPMorgan BetaBuilders U.S. Aggregate Bond ETF Price Performance

Shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF stock traded up $0.24 during mid-day trading on Wednesday, hitting $45.39. 17,996 shares of the stock were exchanged, compared to its average volume of 207,865. JPMorgan BetaBuilders U.S. Aggregate Bond ETF has a twelve month low of $43.03 and a twelve month high of $46.94. The company has a 50-day simple moving average of $45.25 and a 200 day simple moving average of $45.59.

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.