JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Reaches New 12-Month High – Still a Buy?

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS)’s stock price reached a new 52-week high on Thursday . The company traded as high as $129.23 and last traded at $129.23, with a volume of 295965 shares trading hands. The stock had previously closed at $128.25.

JPMorgan BetaBuilders U.S. Equity ETF Trading Up 1.0%

The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 25.39 and a beta of 1.02. The stock has a 50-day moving average of $122.24 and a two-hundred day moving average of $122.92.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC boosted its position in JPMorgan BetaBuilders U.S. Equity ETF by 191.3% during the 1st quarter. Kestra Advisory Services LLC now owns 7,053 shares of the company’s stock worth $827,000 after acquiring an additional 4,632 shares during the period. IAG Wealth Partners LLC boosted its position in JPMorgan BetaBuilders U.S. Equity ETF by 3.7% during the 1st quarter. IAG Wealth Partners LLC now owns 19,939 shares of the company’s stock worth $2,336,000 after acquiring an additional 716 shares during the period. Ascentis Independent Advisors acquired a new stake in JPMorgan BetaBuilders U.S. Equity ETF during the 1st quarter worth about $4,801,000. Bravias Capital Group LLC boosted its position in JPMorgan BetaBuilders U.S. Equity ETF by 0.9% during the 1st quarter. Bravias Capital Group LLC now owns 113,668 shares of the company’s stock worth $13,320,000 after acquiring an additional 1,041 shares during the period. Finally, World Investment Advisors boosted its position in JPMorgan BetaBuilders U.S. Equity ETF by 5.7% during the 1st quarter. World Investment Advisors now owns 6,239 shares of the company’s stock worth $731,000 after acquiring an additional 338 shares during the period.

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.