Drive Wealth Management LLC Acquires 70,139 Shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

Drive Wealth Management LLC raised its holdings in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 686.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,360 shares of the company’s stock after buying an additional 70,139 shares during the period. JP Morgan BetaBuilders U.S. Equity ETF comprises about 2.1% of Drive Wealth Management LLC’s holdings, making the stock its 9th largest position. Drive Wealth Management LLC owned 0.24% of JP Morgan BetaBuilders U.S. Equity ETF worth $8,512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Archford Capital Strategies LLC raised its stake in JP Morgan BetaBuilders U.S. Equity ETF by 14.3% in the fourth quarter. Archford Capital Strategies LLC now owns 99,720 shares of the company’s stock valued at $10,562,000 after buying an additional 12,483 shares in the last quarter. Grimes & Company Inc. acquired a new stake in shares of JP Morgan BetaBuilders U.S. Equity ETF during the fourth quarter worth about $232,000. Geneos Wealth Management Inc. increased its position in shares of JP Morgan BetaBuilders U.S. Equity ETF by 8.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 5,596 shares of the company’s stock worth $593,000 after purchasing an additional 434 shares in the last quarter. Firethorn Wealth Partners LLC increased its position in shares of JP Morgan BetaBuilders U.S. Equity ETF by 1.5% during the fourth quarter. Firethorn Wealth Partners LLC now owns 21,047 shares of the company’s stock worth $2,229,000 after purchasing an additional 304 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its position in shares of JP Morgan BetaBuilders U.S. Equity ETF by 4.2% during the fourth quarter. Cornerstone Wealth Management LLC now owns 705,569 shares of the company’s stock worth $74,734,000 after purchasing an additional 28,118 shares in the last quarter.

JP Morgan BetaBuilders U.S. Equity ETF Price Performance

BBUS opened at $110.13 on Monday. The business’s 50 day moving average price is $108.04 and its 200-day moving average price is $103.92. The firm has a market capitalization of $3.76 billion, a PE ratio of 25.65 and a beta of 1.02.

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.