Drive Wealth Management LLC bought a new position in shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,221 shares of the company’s stock, valued at approximately $1,059,000.
Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in JP Morgan BetaBuilders U.S. Equity ETF by 26.8% in the third quarter. Janney Montgomery Scott LLC now owns 2,523,154 shares of the company’s stock valued at $261,348,000 after buying an additional 533,266 shares during the period. Kowal Investment Group LLC acquired a new position in JP Morgan BetaBuilders U.S. Equity ETF in the 3rd quarter valued at about $51,329,000. Strategic Financial Concepts LLC raised its holdings in JP Morgan BetaBuilders U.S. Equity ETF by 2,740.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 256,235 shares of the company’s stock valued at $251,000 after acquiring an additional 247,214 shares during the period. Cetera Investment Advisers raised its holdings in JP Morgan BetaBuilders U.S. Equity ETF by 408.8% in the 1st quarter. Cetera Investment Advisers now owns 139,274 shares of the company’s stock valued at $13,152,000 after acquiring an additional 111,903 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in JP Morgan BetaBuilders U.S. Equity ETF by 13.9% during the second quarter. Envestnet Asset Management Inc. now owns 868,165 shares of the company’s stock worth $85,184,000 after acquiring an additional 106,181 shares during the last quarter.
JP Morgan BetaBuilders U.S. Equity ETF Stock Performance
Shares of BATS BBUS opened at $105.92 on Monday. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 25.65 and a beta of 1.02. The business’s fifty day moving average price is $104.00 and its 200 day moving average price is $99.91.
JP Morgan BetaBuilders U.S. Equity ETF Profile
The JPMorgan BetaBuilders U.S. Equity ETF (BBUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market cap. BBUS was launched on Mar 12, 2019 and is managed by JPMorgan Chase.
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