JPMorgan BetaBuilders Japan ETF (BATS:BBJP) Hits New 12-Month High – What’s Next?

JPMorgan BetaBuilders Japan ETF (BATS:BBJPGet Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as $78.38 and last traded at $78.35, with a volume of 39946 shares traded. The stock had previously closed at $77.94.

JPMorgan BetaBuilders Japan ETF Stock Performance

The stock’s fifty day moving average price is $74.00 and its 200-day moving average price is $71.41. The firm has a market cap of $16.90 billion, a PE ratio of 14.47 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BBJP. NewEdge Advisors LLC grew its stake in JPMorgan BetaBuilders Japan ETF by 84.4% in the 1st quarter. NewEdge Advisors LLC now owns 723 shares of the company’s stock valued at $50,000 after acquiring an additional 331 shares during the last quarter. Bank of America Corp DE grew its holdings in JPMorgan BetaBuilders Japan ETF by 557.7% during the 1st quarter. Bank of America Corp DE now owns 1,253,896 shares of the company’s stock valued at $86,406,000 after buying an additional 1,063,238 shares during the last quarter. Empowered Funds LLC purchased a new position in JPMorgan BetaBuilders Japan ETF during the first quarter worth $1,409,000. Quantinno Capital Management LP raised its holdings in shares of JPMorgan BetaBuilders Japan ETF by 9.8% in the first quarter. Quantinno Capital Management LP now owns 62,770 shares of the company’s stock worth $4,325,000 after acquiring an additional 5,606 shares during the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in shares of JPMorgan BetaBuilders Japan ETF in the first quarter worth $3,063,000.

About JPMorgan BetaBuilders Japan ETF

(Get Free Report)

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

Further Reading

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