Clearwater Capital Advisors LLC Significantly Increases Stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF

Clearwater Capital Advisors LLC has notably increased its investment in the JPMorgan BetaBuilders U.S. Aggregate Bond ETF (NYSEARCA:BBAG), enhancing its holdings by an impressive 108.6% in the third quarter. This move was disclosed in the firm's latest Securities and Exchange Commission (SEC) filing. After purchasing an additional 553,294 shares in the reported period, Clearwater Capital Advisors' total share count in the ETF surged to 1,062,877.

Impact on Portfolio

As a result of this acquisition, the JPMorgan BetaBuilders U.S. Aggregate Bond ETF now constitutes 5.7% of Clearwater Capital Advisors LLC's portfolio, becoming the third-largest holding. The firm's stake in the ETF was valued at approximately $47,011,000, according to the most recent valuation in the SEC filing.

Other Investors' Activities

Clearwater is not the only firm showing interest in BBAG. Various hedge funds and institutional investors have also been adjusting their positions. Global Retirement Partners LLC, GeoWealth Management LLC, Farther Finance Advisors LLC, Lodestone Wealth Management LLC, and CRA Financial Services LLC have all initiated new positions in the ETF during the second and third quarters, with investments ranging from $86,000 to $217,000.

ETF Market Performance

The JPMorgan BetaBuilders U.S. Aggregate Bond ETF has experienced shifts in its market price. During a recent trading session, the shares of BBAG dropped by $0.13, closing at $46.40. The ETF's trading volume stood at 7,645 shares, compared to the average volume of 282,322. It has maintained a 50-day moving average of $45.12 and a 200-day moving average of $45.15, with a 12-month low at $43.03 and a high at $47.69.

About the ETF

The BBAG ETF is designed to track the Bloomberg U.S. Aggregate Bond index, providing investors with exposure to USD-denominated investment-grade debt securities issued by both government and corporate borrowers. The ETF is market-cap weighted and encompasses a diverse range of maturities.

Clearwater, JPMorgan, BBAG