JPMorgan Disciplined High Yield ETF (JPHY) Shares Sold by FormulaFolio Investments LLC

FormulaFolio Investments LLC lowered its holdings in shares of JPMorgan Disciplined High Yield ETF (BATS:JPHY) by 31.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 850,415 shares of the company’s stock after selling 397,900 shares during the quarter. JPMorgan Disciplined High Yield ETF accounts for about 1.9% of FormulaFolio Investments LLC’s portfolio, making the stock its 14th biggest position. FormulaFolio Investments LLC’s holdings in JPMorgan Disciplined High Yield ETF were worth $42,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of JPMorgan Disciplined High Yield ETF by 8.6% during the fourth quarter. Jane Street Group LLC now owns 133,330 shares of the company’s stock worth $6,351,000 after buying an additional 10,550 shares in the last quarter. Peterson Wealth Advisors LLC grew its holdings in shares of JPMorgan Disciplined High Yield ETF by 7.4% during the fourth quarter. Peterson Wealth Advisors LLC now owns 77,299 shares of the company’s stock worth $3,682,000 after buying an additional 5,310 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of JPMorgan Disciplined High Yield ETF by 65.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 75,662 shares of the company’s stock worth $3,604,000 after buying an additional 29,959 shares in the last quarter. LPL Financial LLC grew its holdings in shares of JPMorgan Disciplined High Yield ETF by 3.0% during the fourth quarter. LPL Financial LLC now owns 71,684 shares of the company’s stock worth $3,415,000 after buying an additional 2,108 shares in the last quarter. Finally, Gradient Investments LLC grew its holdings in shares of JPMorgan Disciplined High Yield ETF by 15.0% during the first quarter. Gradient Investments LLC now owns 59,484 shares of the company’s stock worth $2,997,000 after buying an additional 7,774 shares in the last quarter.

BATS:JPHY opened at $50.32 on Monday. JPMorgan Disciplined High Yield ETF has a 52-week low of $49.82 and a 52-week high of $56.51.

The company also recently disclosed a monthly dividend, which was paid on Friday, May 3rd. Investors of record on Wednesday, May 1st were issued a dividend of $0.2077 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 4.95%.

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Further Reading: Initial Public Offering (IPO)

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Institutional Ownership by Quarter for JPMorgan Disciplined High Yield ETF (BATS:JPHY)

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