3Chopt Investment Partners LLC Lowers Stake in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

3Chopt Investment Partners LLC cut its holdings in shares of JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) by 7.3% during the second quarter, Holdings Channel.com reports. The fund owned 28,587 shares of the company’s stock after selling 2,260 shares during the period. JP Morgan BetaBuilders U.S. Equity ETF comprises approximately 0.9% of 3Chopt Investment Partners LLC’s holdings, making the stock its 29th biggest position. 3Chopt Investment Partners LLC’s holdings in JP Morgan BetaBuilders U.S. Equity ETF were worth $2,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. LPL Financial LLC increased its stake in shares of JP Morgan BetaBuilders U.S. Equity ETF by 5.8% during the second quarter. LPL Financial LLC now owns 1,679,655 shares of the company’s stock worth $164,808,000 after purchasing an additional 92,079 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of JP Morgan BetaBuilders U.S. Equity ETF by 31.3% in the first quarter. Janney Montgomery Scott LLC now owns 1,566,681 shares of the company’s stock valued at $147,942,000 after acquiring an additional 373,321 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of JP Morgan BetaBuilders U.S. Equity ETF by 13.9% in the second quarter. Envestnet Asset Management Inc. now owns 868,165 shares of the company’s stock worth $85,184,000 after acquiring an additional 106,181 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of JP Morgan BetaBuilders U.S. Equity ETF by 6.9% during the second quarter. Cornerstone Wealth Management LLC now owns 648,223 shares of the company’s stock worth $63,604,000 after buying an additional 41,607 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in JP Morgan BetaBuilders U.S. Equity ETF by 14.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 366,867 shares of the company’s stock valued at $35,997,000 after acquiring an additional 45,331 shares in the last quarter.

JP Morgan BetaBuilders U.S. Equity ETF Stock Up 0.4 %

BBUS stock opened at $103.58 on Tuesday. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 25.65 and a beta of 1.02. The firm has a 50-day moving average of $99.61 and a 200 day moving average of $96.85.

JP Morgan BetaBuilders U.S. Equity ETF Company 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.