KFA Private Wealth Group LLC Makes New $248,000 Investment in JPMorgan BetaBuilders U.S. Equity ETF $BBUS

KFA Private Wealth Group LLC bought a new position in JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,212 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in JPMorgan BetaBuilders U.S. Equity ETF by 6.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,430,698 shares of the company’s stock worth $447,013,000 after buying an additional 274,777 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the 1st quarter worth approximately $319,753,000. LPL Financial LLC lifted its position in JPMorgan BetaBuilders U.S. Equity ETF by 17.3% in the 1st quarter. LPL Financial LLC now owns 2,806,216 shares of the company’s stock worth $283,119,000 after buying an additional 413,121 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in JPMorgan BetaBuilders U.S. Equity ETF by 26.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,590,203 shares of the company’s stock worth $160,436,000 after buying an additional 329,160 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in JPMorgan BetaBuilders U.S. Equity ETF by 13.6% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 1,373,141 shares of the company’s stock worth $138,536,000 after buying an additional 163,892 shares in the last quarter.

JPMorgan BetaBuilders U.S. Equity ETF Trading Up 12.4%

JPMorgan BetaBuilders U.S. Equity ETF stock opened at $118.36 on Friday. The company has a market capitalization of $5.30 billion, a P/E ratio of 25.39 and a beta of 1.02. The firm’s fifty day simple moving average is $118.09 and its 200-day simple moving average is $109.89. JPMorgan BetaBuilders U.S. Equity ETF has a 1-year low of $86.94 and a 1-year high of $115.07.

JPMorgan 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.