JPMorgan BetaBuilders U.S. Equity ETF $BBUS Stock: Cornerstone Wealth Management LLC Reduces Holdings

Cornerstone Wealth Management LLC trimmed its position in shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 651,442 shares of the company’s stock after selling 10,904 shares during the period. JPMorgan BetaBuilders U.S. Equity ETF makes up about 3.7% of Cornerstone Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Cornerstone Wealth Management LLC owned 1.45% of JPMorgan BetaBuilders U.S. Equity ETF worth $89,625,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 11.8% in the second quarter. Envestnet Asset Management Inc. now owns 2,283,889 shares of the company’s stock valued at $307,217,000 after acquiring an additional 240,305 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in JPMorgan BetaBuilders U.S. Equity ETF by 11.4% during the second quarter. Integrated Wealth Concepts LLC now owns 625,345 shares of the company’s stock worth $83,468,000 after acquiring an additional 64,228 shares during the last quarter. Assetmark Inc. increased its stake in JPMorgan BetaBuilders U.S. Equity ETF by 2.7% during the first quarter. Assetmark Inc. now owns 570,248 shares of the company’s stock worth $66,822,000 after acquiring an additional 14,870 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 5.5% in the 1st quarter. Cetera Investment Advisers now owns 530,183 shares of the company’s stock worth $62,126,000 after purchasing an additional 27,406 shares during the period. Finally, MN Wealth Advisors LLC raised its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 6.8% in the 3rd quarter. MN Wealth Advisors LLC now owns 314,829 shares of the company’s stock worth $43,314,000 after purchasing an additional 20,094 shares during the period.

JPMorgan BetaBuilders U.S. Equity ETF Price Performance

BATS BBUS opened at $135.14 on Wednesday. The firm has a market capitalization of $9.58 billion, a P/E ratio of 23.04 and a beta of 1.02. JPMorgan BetaBuilders U.S. Equity ETF has a 1-year low of $113.43 and a 1-year high of $141.25. The business’s 50-day simple moving average is $138.04 and its 200-day simple moving average is $131.77.

JPMorgan BetaBuilders U.S. Equity ETF Company 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.