Raymond James Financial Inc. Buys New Shares in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

Raymond James Financial Inc. purchased a new stake in shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 260,557 shares of the company’s stock, valued at approximately $27,598,000. Raymond James Financial Inc. owned about 0.76% of JP Morgan BetaBuilders U.S. Equity ETF as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in JP Morgan BetaBuilders U.S. Equity ETF by 12.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,155,921 shares of the company’s stock valued at $440,195,000 after buying an additional 447,136 shares during the last quarter. LPL Financial LLC lifted its stake in JP Morgan BetaBuilders U.S. Equity ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 2,393,095 shares of the company’s stock valued at $253,477,000 after acquiring an additional 177,372 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of JP Morgan BetaBuilders U.S. Equity ETF by 8.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,261,043 shares of the company’s stock worth $133,570,000 after acquiring an additional 93,154 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in shares of JP Morgan BetaBuilders U.S. Equity ETF by 9.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,209,249 shares of the company’s stock worth $128,084,000 after purchasing an additional 106,931 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in JP Morgan BetaBuilders U.S. Equity ETF by 4.2% during the fourth quarter. Cornerstone Wealth Management LLC now owns 705,569 shares of the company’s stock valued at $74,734,000 after purchasing an additional 28,118 shares during the period.

JP Morgan BetaBuilders U.S. Equity ETF Stock Performance

Shares of BBUS opened at $95.05 on Friday. The business’s 50-day moving average is $102.28 and its two-hundred day moving average is $105.42. JP Morgan BetaBuilders U.S. Equity ETF has a fifty-two week low of $86.94 and a fifty-two week high of $111.04. The company has a market capitalization of $4.03 billion, a P/E ratio of 24.86 and a beta of 1.03.

About JP Morgan 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.