Envestnet Asset Management Inc. Buys 165,852 Shares of JPMorgan BetaBuilders U.S. Equity ETF $BBUS

Envestnet Asset Management Inc. lifted its position in JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,797,695 shares of the company’s stock after purchasing an additional 165,852 shares during the quarter. Envestnet Asset Management Inc. owned about 4.01% of JPMorgan BetaBuilders U.S. Equity ETF worth $216,910,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BBUS. Janney Montgomery Scott LLC grew its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 5.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 3,289,691 shares of the company’s stock valued at $396,934,000 after buying an additional 169,203 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 108.0% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 2,856,818 shares of the company’s stock valued at $319,735,000 after acquiring an additional 1,483,677 shares during the last quarter. Kelly Financial Group LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 1.8% during the 3rd quarter. Kelly Financial Group LLC now owns 495,230 shares of the company’s stock valued at $59,755,000 after acquiring an additional 8,553 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 60.1% in the second quarter. Robertson Stephens Wealth Management LLC now owns 441,230 shares of the company’s stock valued at $49,383,000 after purchasing an additional 165,622 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its position in JPMorgan BetaBuilders U.S. Equity ETF by 2.9% in the third quarter. Perigon Wealth Management LLC now owns 414,025 shares of the company’s stock worth $49,956,000 after purchasing an additional 11,514 shares during the last quarter.

JPMorgan BetaBuilders U.S. Equity ETF Stock Up 15.9%

JPMorgan BetaBuilders U.S. Equity ETF stock opened at $122.12 on Friday. JPMorgan BetaBuilders U.S. Equity ETF has a 52-week low of $86.94 and a 52-week high of $115.07. The firm’s fifty day moving average is $124.20 and its 200 day moving average is $120.84. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 25.39 and a beta of 1.02.

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.