JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Reaches New 1-Year High – Should You Buy?

Shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUSGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $140.19 and last traded at $140.19, with a volume of 3521 shares traded. The stock had previously closed at $139.48.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

The business has a 50 day simple moving average of $134.83 and a two-hundred day simple moving average of $128.82. The firm has a market capitalization of $6.28 billion, a P/E ratio of 25.39 and a beta of 1.02.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Equity ETF

Hedge funds have recently bought and sold shares of the stock. Hoey Investments Inc. bought a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter worth $25,000. Smartleaf Asset Management LLC purchased a new position in JPMorgan BetaBuilders U.S. Equity ETF in the second quarter worth $32,000. US Bancorp DE bought a new position in JPMorgan BetaBuilders U.S. Equity ETF in the third quarter valued at $43,000. NewEdge Advisors LLC raised its position in JPMorgan BetaBuilders U.S. Equity ETF by 462.8% during the first quarter. NewEdge Advisors LLC now owns 439 shares of the company’s stock valued at $44,000 after purchasing an additional 361 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF during the fourth quarter valued at about $49,000.

About JPMorgan BetaBuilders U.S. Equity ETF

(Get Free Report)

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.

Further Reading

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