MLG Wealth Management DBA Pine Grove Financial Group Acquires 16,141 Shares of JPMorgan BetaBuilders U.S. Equity ETF $BBUS

MLG Wealth Management DBA Pine Grove Financial Group raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 16.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,976 shares of the company’s stock after buying an additional 16,141 shares during the quarter. JPMorgan BetaBuilders U.S. Equity ETF comprises approximately 1.5% of MLG Wealth Management DBA Pine Grove Financial Group’s holdings, making the stock its 19th largest position. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in JPMorgan BetaBuilders U.S. Equity ETF were worth $14,898,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. National Mutual Insurance Federation of Agricultural Cooperatives grew its stake in JPMorgan BetaBuilders U.S. Equity ETF by 175.4% during the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 1,275,000 shares of the company’s stock valued at $157,220,000 after acquiring an additional 812,000 shares in the last quarter. Morgan Stanley increased its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 25.5% in the 4th quarter. Morgan Stanley now owns 2,861,481 shares of the company’s stock valued at $352,849,000 after acquiring an additional 580,931 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter worth $34,285,000. Vestmark Advisory Solutions Inc. lifted its stake in JPMorgan BetaBuilders U.S. Equity ETF by 13.1% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,708,199 shares of the company’s stock worth $210,638,000 after purchasing an additional 197,476 shares in the last quarter. Finally, Allianz Asset Management GmbH bought a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 2nd quarter valued at about $19,009,000.

JPMorgan BetaBuilders U.S. Equity ETF Price Performance

Shares of JPMorgan BetaBuilders U.S. Equity ETF stock opened at $138.98 on Tuesday. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 25.39 and a beta of 1.02. The business has a 50-day moving average price of $136.65 and a 200-day moving average price of $130.64. JPMorgan BetaBuilders U.S. Equity ETF has a twelve month low of $113.43 and a twelve month high of $140.70.

JPMorgan 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.