JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Sets New 52-Week High – What’s Next?

JPMorgan BetaBuilders Europe ETF (BATS:BBEU) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $79.61 and last traded at $79.58, with a volume of 87774 shares traded. The stock had previously closed at $78.88.

JPMorgan BetaBuilders Europe ETF Stock Up 0.8%

The stock has a 50 day simple moving average of $76.85 and a 200 day simple moving average of $75.32. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBEU. Royal Bank of Canada lifted its stake in shares of JPMorgan BetaBuilders Europe ETF by 276.0% in the first quarter. Royal Bank of Canada now owns 24,816 shares of the company’s stock worth $1,534,000 after acquiring an additional 18,216 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan BetaBuilders Europe ETF during the first quarter worth approximately $220,000. Cerity Partners LLC lifted its position in JPMorgan BetaBuilders Europe ETF by 38.9% in the second quarter. Cerity Partners LLC now owns 6,101 shares of the company’s stock worth $412,000 after purchasing an additional 1,709 shares during the period. Bank of Nova Scotia acquired a new stake in JPMorgan BetaBuilders Europe ETF in the second quarter worth approximately $1,823,000. Finally, Quantinno Capital Management LP lifted its position in JPMorgan BetaBuilders Europe ETF by 21.2% in the second quarter. Quantinno Capital Management LP now owns 43,665 shares of the company’s stock worth $2,946,000 after purchasing an additional 7,633 shares during the period.

JPMorgan BetaBuilders Europe ETF Company Profile

The JPMorgan BetaBuilders Europe ETF (BBEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries. BBEU was launched on Jun 15, 2018 and is managed by JPMorgan Chase.