JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY)
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $45.80, up 0.13% on the session, giving a market capitalisation of $613.4M. Its beta of 0.65 implies it has historically moved less than the broad market.
The fund endeavors to mirror the performance of a specific underlying index. This index is capitalization-weighted, with constituent companies allocated based on the collective market value of their outstanding debt. Its objective is to measure the returns of U.S. dollar-denominated corporate bonds, publicly issued within the U.S. domestic market, which are rated below investment grade (commonly known as 'junk bonds'). The ETF commits at least 80% of its capital to investing in the securities that comprise this benchmark.
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF is most often compared with the following Financial Services names: