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

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) hit a new 52-week high during trading on Tuesday . The company traded as high as $137.88 and last traded at $137.88, with a volume of 95588 shares trading hands. The stock had previously closed at $136.56.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

The firm has a 50 day moving average price of $134.40 and a two-hundred day moving average price of $128.09. The company has a market cap of $6.24 billion, a P/E ratio of 25.39 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Mutual Insurance Federation of Agricultural Cooperatives lifted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 175.4% during the 4th 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 in the last quarter. Morgan Stanley grew its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 25.5% during the 4th quarter. Morgan Stanley now owns 2,861,481 shares of the company’s stock valued at $352,849,000 after buying an additional 580,931 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 70.2% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 791,483 shares of the company’s stock valued at $97,598,000 after buying an additional 326,521 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF during the fourth quarter valued at about $34,285,000. Finally, Vestmark Advisory Solutions Inc. increased its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 13.1% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,708,199 shares of the company’s stock valued at $210,638,000 after buying an additional 197,476 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.