Renaissance Technologies LLC Takes $824,000 Position in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS)

Renaissance Technologies LLC acquired a new stake in JP Morgan BetaBuilders U.S. Equity ETF (BATS:BBUS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,400 shares of the company’s stock, valued at approximately $824,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its position in JP Morgan BetaBuilders U.S. Equity ETF by 5.8% during the 2nd quarter. LPL Financial LLC now owns 1,679,655 shares of the company’s stock valued at $164,808,000 after purchasing an additional 92,079 shares during the period. Janney Montgomery Scott LLC increased its position in JP Morgan BetaBuilders U.S. Equity ETF by 31.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,566,681 shares of the company’s stock valued at $147,942,000 after purchasing an additional 373,321 shares during the period. Envestnet Asset Management Inc. increased its position in JP Morgan BetaBuilders U.S. Equity ETF by 13.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 868,165 shares of the company’s stock valued at $85,184,000 after purchasing an additional 106,181 shares during the period. Cornerstone Wealth Management LLC increased its position in JP Morgan BetaBuilders U.S. Equity ETF by 6.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 648,223 shares of the company’s stock valued at $63,604,000 after purchasing an additional 41,607 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position 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 purchasing an additional 45,331 shares during the period.

JP Morgan BetaBuilders U.S. Equity ETF Price Performance

BATS:BBUS opened at $102.46 on Tuesday. The firm has a market cap of $3.49 billion, a P/E ratio of 25.65 and a beta of 1.02. The firm’s fifty day moving average price is $100.07 and its 200 day moving average price is $97.21.

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.