Drive Wealth Management LLC Takes $1.06 Million Position in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

Drive Wealth Management LLC bought a new position in shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,221 shares of the company’s stock, valued at approximately $1,059,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in JP Morgan BetaBuilders U.S. Equity ETF by 26.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,523,154 shares of the company’s stock worth $261,348,000 after acquiring an additional 533,266 shares during the period. LPL Financial LLC boosted its position in shares of JP Morgan BetaBuilders U.S. Equity ETF by 5.8% during the 2nd quarter. LPL Financial LLC now owns 1,679,655 shares of the company’s stock valued at $164,808,000 after purchasing an additional 92,079 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in JP Morgan BetaBuilders U.S. Equity ETF by 13.9% during the second quarter. Envestnet Asset Management Inc. now owns 868,165 shares of the company’s stock worth $85,184,000 after purchasing an additional 106,181 shares during the period. Cornerstone Wealth Management LLC increased its holdings in JP Morgan BetaBuilders U.S. Equity ETF by 4.5% in the third quarter. Cornerstone Wealth Management LLC now owns 677,451 shares of the company’s stock worth $70,170,000 after purchasing an additional 29,228 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in JP Morgan BetaBuilders U.S. Equity ETF by 19.2% in the third quarter. Assetmark Inc. now owns 555,913 shares of the company’s stock valued at $57,581,000 after buying an additional 89,669 shares during the period.

JP Morgan BetaBuilders U.S. Equity ETF Price Performance

JP Morgan BetaBuilders U.S. Equity ETF stock opened at $105.92 on Monday. The company has a market cap of $3.61 billion, a PE ratio of 25.65 and a beta of 1.02. The stock’s 50-day simple moving average is $104.00 and its 200 day simple moving average is $99.91.

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.