Cornerstone Wealth Management LLC Purchases 28,118 Shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

Cornerstone Wealth Management LLC raised its position in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 4.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 705,569 shares of the company’s stock after purchasing an additional 28,118 shares during the quarter. JP Morgan BetaBuilders U.S. Equity ETF accounts for 5.0% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Cornerstone Wealth Management LLC’s holdings in JP Morgan BetaBuilders U.S. Equity ETF were worth $74,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Adirondack Trust Co. acquired a new position in JP Morgan BetaBuilders U.S. Equity ETF in the fourth quarter valued at about $55,000. Kelly Financial Services LLC bought a new position in shares of JP Morgan BetaBuilders U.S. Equity ETF in the fourth quarter worth about $354,000. Lake Street Private Wealth LLC raised its stake in shares of JP Morgan BetaBuilders U.S. Equity ETF by 11.4% in the fourth quarter. Lake Street Private Wealth LLC now owns 46,900 shares of the company’s stock worth $4,968,000 after acquiring an additional 4,814 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of JP Morgan BetaBuilders U.S. Equity ETF by 11.3% in the fourth quarter. Park Avenue Securities LLC now owns 154,938 shares of the company’s stock worth $16,411,000 after acquiring an additional 15,742 shares during the last quarter. Finally, Ignite Planners LLC raised its stake in shares of JP Morgan BetaBuilders U.S. Equity ETF by 3.4% in the fourth quarter. Ignite Planners LLC now owns 10,833 shares of the company’s stock worth $1,160,000 after acquiring an additional 359 shares during the last quarter.

JP Morgan BetaBuilders U.S. Equity ETF Stock Performance

Shares of BATS BBUS opened at $110.36 on Friday. The company has a market capitalization of $3.76 billion, a P/E ratio of 25.65 and a beta of 1.02. The business has a fifty day moving average of $107.90 and a 200-day moving average of $103.78.

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.