5T Wealth LLC Makes New $10.25 Million Investment in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

5T Wealth LLC bought a new position in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 96,793 shares of the company’s stock, valued at approximately $10,252,000. JP Morgan BetaBuilders U.S. Equity ETF makes up 5.6% of 5T Wealth LLC’s investment portfolio, making the stock its 3rd largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Adirondack Trust Co. purchased a new stake in shares of JP Morgan BetaBuilders U.S. Equity ETF in the fourth quarter worth approximately $55,000. Blue Trust Inc. purchased a new stake in shares of JP Morgan BetaBuilders U.S. Equity ETF in the fourth quarter worth approximately $76,000. Golden State Wealth Management LLC purchased a new stake in shares of JP Morgan BetaBuilders U.S. Equity ETF in the fourth quarter worth approximately $186,000. Moors & Cabot Inc. purchased a new stake in shares of JP Morgan BetaBuilders U.S. Equity ETF in the third quarter worth approximately $206,000. Finally, Grimes & Company Inc. purchased a new stake in shares of JP Morgan BetaBuilders U.S. Equity ETF in the fourth quarter worth approximately $232,000.

JP Morgan BetaBuilders U.S. Equity ETF Stock Up 4.9 %

BATS BBUS opened at $110.51 on Monday. The stock has a 50-day moving average of $108.32 and a 200 day moving average of $104.99. The stock has a market capitalization of $3.77 billion, a price-to-earnings 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.