Cetera Investment Advisers Reduces Stock Position in JPMorgan BetaBuilders Canada ETF $BBCA

Cetera Investment Advisers lessened its stake in JPMorgan BetaBuilders Canada ETF (BATS:BBCA) by 29.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,647 shares of the company’s stock after selling 27,366 shares during the period. Cetera Investment Advisers owned approximately 0.06% of JPMorgan BetaBuilders Canada ETF worth $5,378,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan BetaBuilders Canada ETF by 4.1% in the 1st quarter. JPMorgan Chase & Co. now owns 76,406,547 shares of the company’s stock worth $5,467,653,000 after buying an additional 3,009,318 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in JPMorgan BetaBuilders Canada ETF in the second quarter valued at about $75,903,000. Jones Financial Companies Lllp bought a new position in JPMorgan BetaBuilders Canada ETF in the first quarter valued at about $47,839,000. Raymond James Financial Inc. boosted its position in JPMorgan BetaBuilders Canada ETF by 95.8% in the first quarter. Raymond James Financial Inc. now owns 498,633 shares of the company’s stock worth $35,682,000 after purchasing an additional 244,001 shares during the last quarter. Finally, Tradewinds Capital Management LLC bought a new stake in shares of JPMorgan BetaBuilders Canada ETF during the 2nd quarter valued at about $12,675,000.

JPMorgan BetaBuilders Canada ETF Stock Up 23.8%

BATS BBCA opened at $86.93 on Monday. The company has a 50-day moving average price of $87.08 and a 200-day moving average price of $83.06. JPMorgan BetaBuilders Canada ETF has a 52 week low of $62.71 and a 52 week high of $82.55. The firm has a market capitalization of $8.99 billion, a P/E ratio of 19.87 and a beta of 0.95.

About JPMorgan BetaBuilders Canada ETF

The JPMorgan BetaBuilders Canada ETF (BBCA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap Canadian equities. BBCA was launched on Aug 7, 2018 and is managed by JPMorgan Chase.