Cornerstone Wealth Management LLC Cuts Stake in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

Cornerstone Wealth Management LLC lessened its holdings in shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 3.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 606,616 shares of the company’s stock after selling 19,269 shares during the quarter. JP Morgan BetaBuilders U.S. Equity ETF accounts for 4.6% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Cornerstone Wealth Management LLC’s holdings in JP Morgan BetaBuilders U.S. Equity ETF were worth $57,283,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BBUS. JPMorgan Chase & Co. raised its holdings in shares of JP Morgan BetaBuilders U.S. Equity ETF by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 8,463,596 shares of the company’s stock valued at $652,375,000 after buying an additional 100,163 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in JP Morgan BetaBuilders U.S. Equity ETF by 9.1% during the third quarter. Integrated Wealth Concepts LLC now owns 21,499 shares of the company’s stock worth $1,657,000 after purchasing an additional 1,793 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in JP Morgan BetaBuilders U.S. Equity ETF during the third quarter worth approximately $31,000. Massmutual Trust Co. FSB ADV raised its holdings in JP Morgan BetaBuilders U.S. Equity ETF by 8.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 87,258 shares of the company’s stock worth $7,495,000 after purchasing an additional 6,646 shares in the last quarter. Finally, Ignite Planners LLC raised its holdings in JP Morgan BetaBuilders U.S. Equity ETF by 22.9% during the fourth quarter. Ignite Planners LLC now owns 7,383 shares of the company’s stock worth $630,000 after purchasing an additional 1,374 shares in the last quarter.

JP Morgan BetaBuilders U.S. Equity ETF Price Performance

BATS:BBUS traded up $0.47 during midday trading on Thursday, hitting $99.48. 67,568 shares of the stock were exchanged. The company has a market cap of $3.39 billion, a P/E ratio of 25.65 and a beta of 1.02. The company’s 50 day moving average price is $95.68 and its 200-day moving average price is $91.91.

JP Morgan BetaBuilders U.S. Equity ETF 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.