JPMorgan BetaBuilders U.S. Equity ETF $BBUS Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lessened its holdings in JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 1.6% during the third quarter, HoldingsChannel.com reports. The fund owned 651,442 shares of the company’s stock after selling 10,904 shares during the quarter. JPMorgan BetaBuilders U.S. Equity ETF makes up about 3.7% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Cornerstone Wealth Management LLC’s holdings in JPMorgan BetaBuilders U.S. Equity ETF were worth $89,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BBUS. Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 11.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,283,889 shares of the company’s stock valued at $307,217,000 after acquiring an additional 240,305 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 11.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 625,345 shares of the company’s stock valued at $83,468,000 after purchasing an additional 64,228 shares in the last quarter. Assetmark Inc. increased its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 2.7% in the 1st quarter. Assetmark Inc. now owns 570,248 shares of the company’s stock valued at $66,822,000 after purchasing an additional 14,870 shares in the last quarter. Cetera Investment Advisers increased its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 5.5% in the 1st quarter. Cetera Investment Advisers now owns 530,183 shares of the company’s stock valued at $62,126,000 after purchasing an additional 27,406 shares in the last quarter. Finally, MN Wealth Advisors LLC increased its holdings in JPMorgan BetaBuilders U.S. Equity ETF by 6.8% in the 3rd quarter. MN Wealth Advisors LLC now owns 314,829 shares of the company’s stock valued at $43,314,000 after purchasing an additional 20,094 shares in the last quarter.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

BBUS stock opened at $135.14 on Wednesday. JPMorgan BetaBuilders U.S. Equity ETF has a 1 year low of $113.43 and a 1 year high of $141.25. The stock has a 50-day simple moving average of $138.04 and a 200-day simple moving average of $131.77. The firm has a market cap of $9.58 billion, a P/E ratio of 23.04 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.