JPMorgan BetaBuilders U.S. Equity ETF $BBUS Stake Lessened by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 30.3% during the second quarter, Holdings Channel.com reports. The fund owned 36,813 shares of the company’s stock after selling 16,002 shares during the period. NewEdge Advisors LLC’s holdings in JPMorgan BetaBuilders U.S. Equity ETF were worth $4,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in JPMorgan BetaBuilders U.S. Equity ETF by 3.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,386,866 shares of the company’s stock worth $540,945,000 after purchasing an additional 140,680 shares during the period. Janney Montgomery Scott LLC increased its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 2.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,382,109 shares of the company’s stock valued at $417,048,000 after purchasing an additional 92,418 shares during the period. LPL Financial LLC increased its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 4.5% during the 4th quarter. LPL Financial LLC now owns 3,102,383 shares of the company’s stock valued at $382,555,000 after purchasing an additional 132,407 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 13.1% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,708,199 shares of the company’s stock worth $210,638,000 after buying an additional 197,476 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 2.7% in the 1st quarter. Assetmark Inc. now owns 570,248 shares of the company’s stock worth $66,822,000 after buying an additional 14,870 shares in the last quarter.

JPMorgan BetaBuilders U.S. Equity ETF Stock Down 0.4%

Shares of JPMorgan BetaBuilders U.S. Equity ETF stock opened at $137.33 on Tuesday. The business has a fifty day simple moving average of $136.94 and a 200-day simple moving average of $131.13. JPMorgan BetaBuilders U.S. Equity ETF has a fifty-two week low of $113.43 and a fifty-two week high of $140.70. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 25.39 and a beta of 1.02.

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.