Kane Investment Management Inc. Lowers Position in EA Bridgeway Blue Chip ETF $BBLU

Kane Investment Management Inc. decreased its position in shares of EA Bridgeway Blue Chip ETF (NYSEARCA:BBLU) by 52.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 33,946 shares of the company’s stock after selling 37,068 shares during the period. Kane Investment Management Inc.’s holdings in EA Bridgeway Blue Chip ETF were worth $510,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BBLU. Cetera Investment Advisers boosted its position in shares of EA Bridgeway Blue Chip ETF by 74.7% during the second quarter. Cetera Investment Advisers now owns 767,499 shares of the company’s stock valued at $10,556,000 after purchasing an additional 328,192 shares in the last quarter. Raymond James Financial Inc. lifted its position in EA Bridgeway Blue Chip ETF by 62.4% during the second quarter. Raymond James Financial Inc. now owns 698,470 shares of the company’s stock valued at $9,607,000 after buying an additional 268,448 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of EA Bridgeway Blue Chip ETF by 92.0% during the 2nd quarter. Osaic Holdings Inc. now owns 341,454 shares of the company’s stock valued at $4,695,000 after buying an additional 163,592 shares in the last quarter. WFA Asset Management Corp boosted its holdings in shares of EA Bridgeway Blue Chip ETF by 10.9% during the 3rd quarter. WFA Asset Management Corp now owns 1,207,052 shares of the company’s stock valued at $18,141,000 after buying an additional 118,148 shares in the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of EA Bridgeway Blue Chip ETF in the 3rd quarter worth about $1,398,000. Institutional investors own 2.80% of the company’s stock.

EA Bridgeway Blue Chip ETF Price Performance

Shares of NYSEARCA BBLU opened at $15.27 on Thursday. EA Bridgeway Blue Chip ETF has a 1 year low of $11.01 and a 1 year high of $15.66. The firm has a 50-day moving average of $15.30 and a 200 day moving average of $15.14. The stock has a market cap of $366.63 million, a P/E ratio of -46.27 and a beta of 0.92.

About EA Bridgeway Blue Chip ETF

The Ea Bridgeway Blue Chip ETF (BBLU) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide total return through an actively managed portfolio of US large-cap stocks selected through a model-driven statistical approach with narrow ESG overlay. BBLU was launched on Jul 31, 1997 and is managed by Bridgeway.