JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Sets New 1-Year High – Here’s Why

Shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $133.28 and last traded at $132.99, with a volume of 293453 shares trading hands. The stock had previously closed at $132.81.

JPMorgan BetaBuilders U.S. Equity ETF Trading Up 0.1%

The firm has a market capitalization of $5.96 billion, a PE ratio of 25.39 and a beta of 1.02. The firm has a 50 day simple moving average of $123.17 and a 200 day simple moving average of $123.40.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BBUS. National Mutual Insurance Federation of Agricultural Cooperatives raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 175.4% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 1,275,000 shares of the company’s stock worth $157,220,000 after purchasing an additional 812,000 shares during the last quarter. Morgan Stanley raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 25.5% in the fourth quarter. Morgan Stanley now owns 2,861,481 shares of the company’s stock worth $352,849,000 after purchasing an additional 580,931 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 14.0% in the third quarter. JPMorgan Chase & Co. now owns 4,246,186 shares of the company’s stock worth $512,345,000 after purchasing an additional 521,394 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 414.9% in the third quarter. Integrated Wealth Concepts LLC now owns 514,497 shares of the company’s stock worth $62,079,000 after purchasing an additional 414,580 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its position in JPMorgan BetaBuilders U.S. Equity ETF by 70.2% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 791,483 shares of the company’s stock valued at $97,598,000 after purchasing an additional 326,521 shares during the period.

About JPMorgan BetaBuilders U.S. Equity ETF

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.