Independent Advisor Alliance Makes New $472,000 Investment in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

Independent Advisor Alliance purchased a new position in shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,460 shares of the company’s stock, valued at approximately $472,000.

Several other hedge funds have also recently added to or reduced their stakes in BBUS. Jones Financial Companies Lllp bought a new stake in JP Morgan BetaBuilders U.S. Equity ETF during the fourth quarter worth about $35,000. Adirondack Trust Co. bought a new stake in JP Morgan BetaBuilders U.S. Equity ETF during the fourth quarter worth about $55,000. Blue Trust Inc. bought a new stake in JP Morgan BetaBuilders U.S. Equity ETF during the fourth quarter worth about $76,000. Golden State Wealth Management LLC bought a new stake in JP Morgan BetaBuilders U.S. Equity ETF during the fourth quarter worth about $186,000. Finally, Moors & Cabot Inc. bought a new stake in JP Morgan BetaBuilders U.S. Equity ETF during the third quarter worth about $206,000.

JP Morgan BetaBuilders U.S. Equity ETF Trading Down 2.7 %

BATS BBUS opened at $102.44 on Tuesday. JP Morgan BetaBuilders U.S. Equity ETF has a 1-year low of $89.17 and a 1-year high of $111.04. The stock has a 50-day moving average of $107.27 and a 200-day moving average of $106.05. The firm has a market cap of $4.18 billion, a PE ratio of 24.93 and a beta of 1.04.

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.