JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Sets New 1-Year High – Time to Buy?

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) hit a new 52-week high during trading on Tuesday . The company traded as high as $135.19 and last traded at $135.06, with a volume of 4856 shares changing hands. The stock had previously closed at $134.38.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

The business has a fifty day simple moving average of $125.40 and a 200 day simple moving average of $124.14. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 25.39 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBUS. Hoey Investments Inc. acquired a new position in JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 2nd quarter valued at $32,000. US Bancorp DE bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 3rd quarter valued at $43,000. NewEdge Advisors LLC lifted its position in shares of JPMorgan BetaBuilders U.S. Equity ETF by 462.8% during the 1st quarter. NewEdge Advisors LLC now owns 439 shares of the company’s stock valued at $44,000 after acquiring an additional 361 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 4th quarter valued at $49,000.

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.