JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Reaches New 1-Year High – What’s Next?

Shares of JPMorgan BetaBuilders Europe ETF (BATS:BBEU) hit a new 52-week high during trading on Tuesday . The company traded as high as $81.12 and last traded at $81.05, with a volume of 2406 shares traded. The stock had previously closed at $80.81.

JPMorgan BetaBuilders Europe ETF Trading Up 0.5%

The firm has a market cap of $5.50 billion, a PE ratio of 16.78 and a beta of 0.93. The business has a fifty day moving average price of $78.57 and a 200 day moving average price of $76.91.

Hedge Funds Weigh In On JPMorgan BetaBuilders Europe ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC purchased a new position in shares of JPMorgan BetaBuilders Europe ETF in the 2nd quarter valued at $32,000. Natural Investments LLC acquired a new position in JPMorgan BetaBuilders Europe ETF in the second quarter valued at $339,000. Secure Asset Management LLC grew its holdings in shares of JPMorgan BetaBuilders Europe ETF by 9.0% during the second quarter. Secure Asset Management LLC now owns 58,459 shares of the company’s stock worth $4,546,000 after purchasing an additional 4,826 shares during the last quarter. Nwam LLC purchased a new position in shares of JPMorgan BetaBuilders Europe ETF during the second quarter worth about $468,000. Finally, Oarsman Capital Inc. acquired a new stake in shares of JPMorgan BetaBuilders Europe ETF during the second quarter worth about $8,384,000.

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.