JPMorgan BetaBuilders U.S. Equity ETF $BBUS is Drive Wealth Management LLC’s 3rd Largest Position

Drive Wealth Management LLC lowered its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 6.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 146,393 shares of the company’s stock after selling 10,743 shares during the period. JPMorgan BetaBuilders U.S. Equity ETF accounts for approximately 3.5% of Drive Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Drive Wealth Management LLC’s holdings in JPMorgan BetaBuilders U.S. Equity ETF were worth $18,052,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 14.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,246,186 shares of the company’s stock worth $512,345,000 after purchasing an additional 521,394 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 5.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 3,289,691 shares of the company’s stock worth $396,934,000 after purchasing an additional 169,203 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 10.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,797,695 shares of the company’s stock worth $216,910,000 after purchasing an additional 165,852 shares during the period. Robertson Stephens Wealth Management LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 70.2% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 791,483 shares of the company’s stock worth $97,598,000 after purchasing an additional 326,521 shares during the period. Finally, Assetmark Inc. boosted its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 1.3% during the 4th quarter. Assetmark Inc. now owns 555,378 shares of the company’s stock worth $68,484,000 after purchasing an additional 7,272 shares during the period.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

BATS:BBUS opened at $132.81 on Monday. The stock has a market capitalization of $5.95 billion, a P/E ratio of 25.39 and a beta of 1.02. The company has a 50 day moving average price of $122.83 and a 200 day moving average price of $123.25. JPMorgan BetaBuilders U.S. Equity ETF has a fifty-two week low of $101.90 and a fifty-two week high of $132.87.

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.