Schmidt P J Investment Management Inc. Purchases New Position in JPMorgan BetaBuilders U.S. Equity ETF $BBUS

Schmidt P J Investment Management Inc. bought a new stake in JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 77,164 shares of the company’s stock, valued at approximately $10,616,000. JPMorgan BetaBuilders U.S. Equity ETF accounts for about 1.6% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 13th biggest holding. Schmidt P J Investment Management Inc. owned 0.17% of JPMorgan BetaBuilders U.S. Equity ETF at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BBUS. Brown Financial Advisors raised its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 6.0% during the second quarter. Brown Financial Advisors now owns 4,046 shares of the company’s stock worth $545,000 after purchasing an additional 228 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in JPMorgan BetaBuilders U.S. Equity ETF by 3.4% in the third quarter. Kingswood Wealth Advisors LLC now owns 8,868 shares of the company’s stock worth $1,220,000 after purchasing an additional 291 shares during the period. Lake Street Private Wealth LLC boosted its stake in JPMorgan BetaBuilders U.S. Equity ETF by 0.6% during the 3rd quarter. Lake Street Private Wealth LLC now owns 51,221 shares of the company’s stock valued at $7,047,000 after purchasing an additional 292 shares in the last quarter. World Investment Advisors boosted its stake 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 valued at $731,000 after purchasing an additional 338 shares in the last quarter. Finally, Cornerstone Planning Group LLC bought a new position in JPMorgan BetaBuilders U.S. Equity ETF during the 1st quarter valued at $70,000.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

BBUS opened at $138.05 on Thursday. JPMorgan BetaBuilders U.S. Equity ETF has a one year low of $113.43 and a one year high of $141.25. The stock’s fifty day moving average is $138.43 and its 200-day moving average is $131.57. The company has a market capitalization of $6.18 billion, a PE ratio of 25.39 and a beta of 1.02.

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.