JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Sets New 52-Week High – Here’s What Happened

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) reached a new 52-week high on Tuesday. The company traded as high as $141.03 and last traded at $140.75, with a volume of 4875 shares changing hands. The stock had previously closed at $140.01.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

The firm has a 50-day moving average of $138.38 and a 200-day moving average of $133.14. The firm has a market capitalization of $6.29 billion, a P/E ratio of 25.39 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Absolute Capital Management LLC increased its position in JPMorgan BetaBuilders U.S. Equity ETF by 4.8% during the 4th quarter. Absolute Capital Management LLC now owns 2,731 shares of the company’s stock valued at $337,000 after buying an additional 124 shares in the last quarter. Semus Wealth Partners LLC raised its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 3.2% in the 1st quarter. Semus Wealth Partners LLC now owns 5,601 shares of the company’s stock worth $656,000 after purchasing an additional 173 shares during the last quarter. Brown Financial Advisors raised its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 6.0% in the 2nd quarter. Brown Financial Advisors now owns 4,046 shares of the company’s stock worth $545,000 after purchasing an additional 228 shares during the last quarter. World Investment Advisors raised its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 5.7% in the 1st quarter. World Investment Advisors now owns 6,239 shares of the company’s stock worth $731,000 after purchasing an additional 338 shares during the last quarter. Finally, Cornerstone Planning Group LLC bought a new position in JPMorgan BetaBuilders U.S. Equity ETF in the 1st quarter worth about $70,000.

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.