Independent Financial Group LLC Invests $642,000 in JPMorgan BetaBuilders U.S. Equity ETF $BBUS

Independent Financial Group LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) during the 1st quarter, HoldingsChannel.com reports. The firm bought 5,478 shares of the company’s stock, valued at approximately $642,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new position in JPMorgan BetaBuilders U.S. Equity ETF in the fourth quarter worth about $25,000. Smartleaf Asset Management LLC acquired a new stake in JPMorgan BetaBuilders U.S. Equity ETF during the second quarter valued at approximately $32,000. US Bancorp DE acquired a new stake in JPMorgan BetaBuilders U.S. Equity ETF during the third quarter valued at approximately $43,000. NewEdge Advisors LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 462.8% in the 1st quarter. NewEdge Advisors LLC now owns 439 shares of the company’s stock valued at $44,000 after purchasing an additional 361 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter valued at approximately $49,000.

JPMorgan BetaBuilders U.S. Equity ETF Trading Down 0.2%

Shares of BBUS opened at $134.67 on Thursday. JPMorgan BetaBuilders U.S. Equity ETF has a 1 year low of $112.19 and a 1 year high of $137.20. The stock has a 50 day simple moving average of $134.40 and a 200-day simple moving average of $127.60. The stock has a market cap of $6.03 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.