JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) Shares Down 0.4% – Here’s Why

JPMorgan BetaBuilders International Equity ETF (BATS:BBIN)’s stock price was down 0.4% on Tuesday . The stock traded as low as $80.98 and last traded at $81.02. 60,786 shares traded hands during trading, a decline of 69% from the average daily volume of 197,451 shares. The stock had previously closed at $81.37.

JPMorgan BetaBuilders International Equity ETF Stock Down 0.9%

The stock’s 50 day moving average price is $79.77 and its 200-day moving average price is $77.78. The stock has a market capitalization of $6.45 billion, a PE ratio of 16.24 and a beta of 0.84.

Institutional Investors Weigh In On JPMorgan BetaBuilders International Equity ETF

Several large investors have recently added to or reduced their stakes in BBIN. Morgan Stanley raised its stake in JPMorgan BetaBuilders International Equity ETF by 61.2% in the fourth quarter. Morgan Stanley now owns 3,574,797 shares of the company’s stock worth $258,529,000 after buying an additional 1,357,830 shares in the last quarter. Bank of America Corp DE boosted its position in JPMorgan BetaBuilders International Equity ETF by 96.2% during the 3rd quarter. Bank of America Corp DE now owns 828,937 shares of the company’s stock valued at $58,133,000 after acquiring an additional 406,433 shares in the last quarter. Susquehanna International Group LLP boosted its position in JPMorgan BetaBuilders International Equity ETF by 5,122.2% during the 3rd quarter. Susquehanna International Group LLP now owns 276,462 shares of the company’s stock valued at $19,388,000 after acquiring an additional 271,168 shares in the last quarter. WNY Asset Management LLC purchased a new position in shares of JPMorgan BetaBuilders International Equity ETF in the 1st quarter valued at $15,155,000. Finally, Gateway Wealth Partners LLC increased its holdings in shares of JPMorgan BetaBuilders International Equity ETF by 138.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 225,948 shares of the company’s stock valued at $16,521,000 after acquiring an additional 131,239 shares during the period.

About JPMorgan BetaBuilders International Equity ETF

The JPMorgan BetaBuilders International Equity ETF (BBIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a developed countries ex-North America index of large- and mid-cap equities that are selected and weighted by market cap. BBIN was launched on Dec 5, 2019 and is managed by JPMorgan Chase.