Cornerstone Wealth Management LLC Buys 28,118 Shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

Cornerstone Wealth Management LLC lifted its stake in shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 705,569 shares of the company’s stock after purchasing an additional 28,118 shares during the period. JP Morgan BetaBuilders U.S. Equity ETF makes up about 5.0% of Cornerstone Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Cornerstone Wealth Management LLC owned 2.07% of JP Morgan BetaBuilders U.S. Equity ETF worth $74,734,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Adirondack Trust Co. purchased a new position in shares of JP Morgan BetaBuilders U.S. Equity ETF during the fourth quarter valued at $55,000. Kelly Financial Services LLC purchased a new position in shares of JP Morgan BetaBuilders U.S. Equity ETF during the fourth quarter valued at $354,000. Lake Street Private Wealth LLC grew its holdings in shares of JP Morgan BetaBuilders U.S. Equity ETF by 11.4% during the fourth quarter. Lake Street Private Wealth LLC now owns 46,900 shares of the company’s stock valued at $4,968,000 after buying an additional 4,814 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of JP Morgan BetaBuilders U.S. Equity ETF by 11.3% during the fourth quarter. Park Avenue Securities LLC now owns 154,938 shares of the company’s stock valued at $16,411,000 after buying an additional 15,742 shares in the last quarter. Finally, Ignite Planners LLC grew its holdings in shares of JP Morgan BetaBuilders U.S. Equity ETF by 3.4% during the fourth quarter. Ignite Planners LLC now owns 10,833 shares of the company’s stock valued at $1,160,000 after buying an additional 359 shares in the last quarter.

JP Morgan BetaBuilders U.S. Equity ETF Stock Up 4.8 %

Shares of BBUS stock opened at $110.36 on Friday. The stock has a market capitalization of $3.76 billion, a P/E ratio of 25.65 and a beta of 1.02. The company’s fifty day simple moving average is $107.90 and its two-hundred day simple moving average is $103.78.

JP Morgan BetaBuilders U.S. Equity ETF 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.