JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) Stock Breaks Above 50 Day Moving Average – Here’s Why

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS – Get Free Report) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $138.53 and traded as high as $139.10. JPMorgan BetaBuilders U.S. Equity ETF shares last traded at $138.83, with a volume of 553,314 shares trading hands.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

The firm has a 50 day simple moving average of $138.53 and a 200 day simple moving average of $131.20. The firm has a market cap of $6.22 billion, a P/E ratio of 25.39 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Equity ETF

Hedge funds have recently bought and sold shares of the company. William Mack & Associates Inc. purchased a new stake in JPMorgan BetaBuilders U.S. Equity ETF in the third quarter valued at approximately $101,000. Park Avenue Securities LLC bought a new stake in JPMorgan BetaBuilders U.S. Equity ETF during the third quarter valued at approximately $29,840,000. Aegis Wealth Management Inc. grew its stake in JPMorgan BetaBuilders U.S. Equity ETF by 36.8% in the 3rd quarter. Aegis Wealth Management Inc. now owns 19,052 shares of the company’s stock worth $2,621,000 after buying an additional 5,125 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of JPMorgan BetaBuilders U.S. Equity ETF by 3.4% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 8,868 shares of the company’s stock worth $1,220,000 after buying an additional 291 shares during the last quarter. Finally, MN Wealth Advisors LLC increased its holdings in shares of 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 worth $43,314,000 after buying an additional 20,094 shares during the last quarter.

JPMorgan BetaBuilders U.S. Equity ETF Company Profile

(Get Free Report)

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.

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