Advisors Capital Management LLC Makes New Investment in JPMorgan BetaBuilders U.S. Equity ETF $BBUS

Advisors Capital Management LLC bought a new stake in JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,819 shares of the company’s stock, valued at approximately $581,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. boosted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 108.0% in the second 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. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 14.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,246,186 shares of the company’s stock valued at $512,345,000 after purchasing an additional 521,394 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of 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 worth $396,934,000 after buying an additional 169,203 shares during the period. Envestnet Asset Management Inc. grew its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 10.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,797,695 shares of the company’s stock worth $216,910,000 after buying an additional 165,852 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 53.3% during the second quarter. Osaic Holdings Inc. now owns 271,521 shares of the company’s stock worth $29,470,000 after buying an additional 94,458 shares during the last quarter.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

Shares of BBUS stock opened at $123.40 on Friday. The firm’s 50 day moving average price is $124.19 and its two-hundred day moving average price is $121.48. JPMorgan BetaBuilders U.S. Equity ETF has a 52-week low of $86.94 and a 52-week high of $126.08. The stock has a market cap of $5.53 billion, a PE ratio of 25.39 and a beta of 1.02.

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.