JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Reaches New 12-Month High – Still a Buy?

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $129.23 and last traded at $129.23, with a volume of 295965 shares changing hands. The stock had previously closed at $128.25.

JPMorgan BetaBuilders U.S. Equity ETF Trading Up 1.0%

The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 25.39 and a beta of 1.02. The company has a fifty day moving average price of $122.24 and a 200-day moving average price of $122.92.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 191.3% in the 1st quarter. Kestra Advisory Services LLC now owns 7,053 shares of the company’s stock valued at $827,000 after acquiring an additional 4,632 shares in the last quarter. IAG Wealth Partners LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 3.7% in the 1st quarter. IAG Wealth Partners LLC now owns 19,939 shares of the company’s stock valued at $2,336,000 after acquiring an additional 716 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF in the 1st quarter valued at approximately $4,801,000. Bravias Capital Group LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 0.9% in the 1st quarter. Bravias Capital Group LLC now owns 113,668 shares of the company’s stock valued at $13,320,000 after acquiring an additional 1,041 shares in the last quarter. Finally, World Investment Advisors raised its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 5.7% in the 1st quarter. World Investment Advisors now owns 6,239 shares of the company’s stock valued at $731,000 after acquiring an additional 338 shares in the last quarter.

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.