Northwestern Mutual Wealth Management Co. Sells 501 Shares of JPMorgan BetaBuilders U.S. Equity ETF $BBUS

Northwestern Mutual Wealth Management Co. cut its position in shares of JPMorgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 33.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 976 shares of the company’s stock after selling 501 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JPMorgan BetaBuilders U.S. Equity ETF were worth $98,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BBUS. Jane Street Group LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter valued at approximately $1,100,000. Ameriprise Financial Inc. lifted its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 20.8% in the 4th quarter. Ameriprise Financial Inc. now owns 103,128 shares of the company’s stock valued at $10,916,000 after purchasing an additional 17,778 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of JPMorgan BetaBuilders U.S. Equity ETF by 294.5% in the 4th quarter. Bank of America Corp DE now owns 45,199 shares of the company’s stock valued at $4,787,000 after purchasing an additional 33,742 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter valued at approximately $107,000. Finally, Two Sigma Investments LP bought a new stake in shares of JPMorgan BetaBuilders U.S. Equity ETF in the 4th quarter valued at approximately $12,170,000.

JPMorgan BetaBuilders U.S. Equity ETF Price Performance

BATS:BBUS opened at $117.18 on Friday. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 25.39 and a beta of 1.02. JPMorgan BetaBuilders U.S. Equity ETF has a 1 year low of $86.94 and a 1 year high of $115.07. The business has a 50 day simple moving average of $114.82 and a 200-day simple moving average of $107.32.

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.