Strategic Financial Concepts LLC Boosts Stake in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

Strategic Financial Concepts LLC raised its position in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 356.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,964 shares of the company’s stock after purchasing an additional 10,905 shares during the period. Strategic Financial Concepts LLC’s holdings in JP Morgan BetaBuilders U.S. Equity ETF were worth $1,479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BBUS. Adirondack Trust Co. bought a new position in JP Morgan BetaBuilders U.S. Equity ETF in the 4th quarter worth about $55,000. Blue Trust Inc. bought a new position in JP Morgan BetaBuilders U.S. Equity ETF in the 4th quarter worth about $76,000. Golden State Wealth Management LLC bought a new position in JP Morgan BetaBuilders U.S. Equity ETF in the 4th quarter worth about $186,000. Moors & Cabot Inc. bought a new position in JP Morgan BetaBuilders U.S. Equity ETF in the 3rd quarter worth about $206,000. Finally, Grimes & Company Inc. bought a new position in JP Morgan BetaBuilders U.S. Equity ETF in the 4th quarter worth about $232,000.

JP Morgan BetaBuilders U.S. Equity ETF Price Performance

Shares of BBUS stock opened at $110.51 on Tuesday. The company has a market cap of $3.77 billion, a P/E ratio of 25.65 and a beta of 1.02. The stock has a 50 day moving average of $108.32 and a 200-day moving average of $104.99.

About JP Morgan 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.