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

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) hit a new 52-week high on Thursday . The company traded as high as $140.19 and last traded at $140.19, with a volume of 3521 shares changing hands. The stock had previously closed at $139.48.

JPMorgan BetaBuilders U.S. Equity ETF Price Performance

The company has a 50 day simple moving average of $134.83 and a 200-day simple moving average of $128.82. The firm has a market cap of $6.28 billion, a PE ratio of 25.39 and a beta of 1.02.

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

A number of institutional investors have recently made changes to their positions in BBUS. Gradient Investments LLC raised its position in JPMorgan BetaBuilders U.S. Equity ETF by 1.0% in the 2nd quarter. Gradient Investments LLC now owns 148,653 shares of the company’s stock worth $20,027,000 after purchasing an additional 1,415 shares during the period. Archer Investment Management LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 13.1% during the second quarter. Archer Investment Management LLC now owns 29,765 shares of the company’s stock valued at $4,010,000 after buying an additional 3,443 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 255.2% during the first quarter. Arkadios Wealth Advisors now owns 14,999 shares of the company’s stock valued at $1,758,000 after buying an additional 10,776 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 16.8% in the first quarter. Royal Bank of Canada now owns 81,268 shares of the company’s stock worth $9,524,000 after buying an additional 11,662 shares during the period. Finally, Gateway Wealth Partners LLC increased its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 140.6% in the first quarter. Gateway Wealth Partners LLC now owns 44,536 shares of the company’s stock worth $5,219,000 after buying an additional 26,022 shares during the period.

JPMorgan BetaBuilders U.S. Equity ETF Company 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.