Truist Financial Corp Reduces Stock Position in JPMorgan BetaBuilders Canada ETF $BBCA

Truist Financial Corp cut its stake in JPMorgan BetaBuilders Canada ETF (BATS:BBCA) by 30.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,807 shares of the company’s stock after selling 6,097 shares during the quarter. Truist Financial Corp’s holdings in JPMorgan BetaBuilders Canada ETF were worth $1,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC boosted its stake in JPMorgan BetaBuilders Canada ETF by 46.9% in the 1st quarter. Cerity Partners LLC now owns 5,394 shares of the company’s stock worth $386,000 after purchasing an additional 1,721 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of JPMorgan BetaBuilders Canada ETF in the first quarter worth about $26,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of JPMorgan BetaBuilders Canada ETF by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,843 shares of the company’s stock valued at $776,000 after acquiring an additional 382 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in JPMorgan BetaBuilders Canada ETF by 18.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,914 shares of the company’s stock valued at $209,000 after acquiring an additional 450 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in JPMorgan BetaBuilders Canada ETF by 239.2% during the 1st quarter. Bessemer Group Inc. now owns 31,195 shares of the company’s stock worth $2,233,000 after acquiring an additional 21,998 shares during the period.

JPMorgan BetaBuilders Canada ETF Price Performance

BATS BBCA opened at $86.02 on Monday. The company’s 50 day simple moving average is $85.11 and its two-hundred day simple moving average is $79.76. JPMorgan BetaBuilders Canada ETF has a 1 year low of $62.71 and a 1 year high of $82.55. The stock has a market capitalization of $8.90 billion, a PE ratio of 19.87 and a beta of 0.95.

JPMorgan BetaBuilders Canada ETF Company Profile

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.