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

Shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $133.28 and last traded at $132.99, with a volume of 293453 shares trading hands. The stock had previously closed at $132.81.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

The business’s 50-day moving average price is $123.17 and its 200-day moving average price is $123.40. The stock has a market cap of $5.96 billion, a P/E ratio of 25.39 and a beta of 1.02.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Equity ETF

A number of hedge funds have recently modified their holdings of the business. Flagstar Advisors Inc. grew its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 3.9% during the 4th quarter. Flagstar Advisors Inc. now owns 2,404 shares of the company’s stock valued at $296,000 after acquiring an additional 90 shares during the period. Spire Wealth Management boosted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 9.7% in the 3rd quarter. Spire Wealth Management now owns 1,356 shares of the company’s stock worth $164,000 after buying an additional 120 shares during the period. Betterment LLC boosted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 7.1% in the 4th quarter. Betterment LLC now owns 1,806 shares of the company’s stock worth $223,000 after buying an additional 120 shares during the period. LGT Financial Advisors LLC boosted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 13.9% in the 3rd quarter. LGT Financial Advisors LLC now owns 1,010 shares of the company’s stock worth $122,000 after buying an additional 123 shares during the period. Finally, Absolute Capital Management LLC boosted its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 4.8% in the 4th quarter. Absolute Capital Management LLC now owns 2,731 shares of the company’s stock worth $337,000 after buying an additional 124 shares during the period.

About JPMorgan BetaBuilders U.S. Equity ETF

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.