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

JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $133.28 and last traded at $132.99, with a volume of 293453 shares changing hands. The stock had previously closed at $132.81.

JPMorgan BetaBuilders U.S. Equity ETF Stock Performance

The company has a market capitalization of $5.99 billion, a PE ratio of 25.39 and a beta of 1.02. The company has a 50 day moving average price of $123.55 and a 200 day moving average price of $123.57.

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

Several institutional investors and hedge funds have recently made changes to their positions in BBUS. Hoey Investments Inc. purchased a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 4th quarter valued at approximately $25,000. Smartleaf Asset Management LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 2nd quarter valued at approximately $32,000. US Bancorp DE purchased a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 3rd quarter valued at approximately $43,000. NewEdge Advisors LLC boosted its stake 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 buying an additional 361 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new position in shares of JPMorgan BetaBuilders U.S. Equity ETF during the 4th quarter valued at approximately $49,000.

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.