JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Shares Up 16.3% – Here’s Why

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX)’s share price traded up 16.3% during trading on Friday . The company traded as high as $49.2610 and last traded at $56.4190. 417,276 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 236,700 shares. The stock had previously closed at $48.50.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Stock Performance

The company has a 50-day simple moving average of $56.02 and a two-hundred day simple moving average of $55.65. The firm has a market capitalization of $5.40 billion, a P/E ratio of 17.74 and a beta of 0.87.

Hedge Funds Weigh In On JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 398.9% in the third quarter. Farther Finance Advisors LLC now owns 469 shares of the company’s stock valued at $26,000 after buying an additional 375 shares during the last quarter. Osaic Holdings Inc. raised its holdings in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 20.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,732 shares of the company’s stock worth $149,000 after purchasing an additional 459 shares during the period. Seven Mile Advisory purchased a new position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the third quarter worth approximately $201,000. Ameriprise Financial Inc. acquired a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the third quarter valued at approximately $212,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the second quarter valued at approximately $291,000.

About JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

The JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX) 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-market Asian countries, excluding Japan. BBAX was launched on Aug 7, 2018 and is managed by JPMorgan Chase.