Drive Wealth Management LLC Raises Stock Holdings in JPMorgan BetaBuilders U.S. Equity ETF $BBUS

Drive Wealth Management LLC raised its position in JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 18.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,136 shares of the company’s stock after acquiring an additional 24,214 shares during the quarter. JPMorgan BetaBuilders U.S. Equity ETF makes up 4.0% of Drive Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Drive Wealth Management LLC owned 0.35% of JPMorgan BetaBuilders U.S. Equity ETF worth $18,960,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vestmark Advisory Solutions Inc. lifted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 108.0% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 2,856,818 shares of the company’s stock worth $319,735,000 after buying an additional 1,483,677 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in JPMorgan BetaBuilders U.S. Equity ETF by 5.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 3,289,691 shares of the company’s stock worth $396,934,000 after purchasing an additional 169,203 shares during the period. Robertson Stephens Wealth Management LLC boosted its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 60.1% in the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 441,230 shares of the company’s stock worth $49,383,000 after acquiring an additional 165,622 shares in the last quarter. Osaic Holdings Inc. increased its position in JPMorgan BetaBuilders U.S. Equity ETF by 53.3% in the second quarter. Osaic Holdings Inc. now owns 271,521 shares of the company’s stock worth $29,470,000 after purchasing an additional 94,458 shares during the period. Finally, CWM LLC increased its stake in JPMorgan BetaBuilders U.S. Equity ETF by 131.7% during the 2nd quarter. CWM LLC now owns 119,721 shares of the company’s stock worth $13,399,000 after purchasing an additional 68,045 shares in the last quarter.

JPMorgan BetaBuilders U.S. Equity ETF Stock Up 18.2%

BBUS opened at $124.51 on Friday. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 25.39 and a beta of 1.02. JPMorgan BetaBuilders U.S. Equity ETF has a 12-month low of $86.94 and a 12-month high of $115.07. The business has a 50 day moving average of $123.48 and a 200-day moving average of $120.12.

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.