Advisors Capital Management LLC Makes New Investment in JPMorgan BetaBuilders U.S. Equity ETF $BBUS

Advisors Capital Management LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,819 shares of the company’s stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BBUS. Spire Wealth Management boosted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 9.7% during the third quarter. Spire Wealth Management now owns 1,356 shares of the company’s stock worth $164,000 after purchasing an additional 120 shares during the last quarter. Allworth Financial LP lifted its position in JPMorgan BetaBuilders U.S. Equity ETF by 20.9% during the 2nd quarter. Allworth Financial LP now owns 822 shares of the company’s stock worth $92,000 after buying an additional 142 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 6.8% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,321 shares of the company’s stock worth $260,000 after buying an additional 148 shares during the last quarter. World Investment Advisors boosted its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 4.0% during the 3rd quarter. World Investment Advisors now owns 3,837 shares of the company’s stock worth $463,000 after buying an additional 148 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 1.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 14,539 shares of the company’s stock valued at $1,754,000 after acquiring an additional 158 shares in the last quarter.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

BBUS opened at $123.40 on Friday. The business’s 50-day simple moving average is $124.19 and its 200 day simple moving average is $121.48. JPMorgan BetaBuilders U.S. Equity ETF has a 52-week low of $86.94 and a 52-week high of $126.08. The firm has a market capitalization of $5.53 billion, a PE 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.