JPMorgan BetaBuilders Japan ETF (BATS:BBJP) Reaches New 12-Month High – Time to Buy?

Shares of JPMorgan BetaBuilders Japan ETF (BATS:BBJP) hit a new 52-week high during trading on Friday. The company traded as high as $79.79 and last traded at $79.7670, with a volume of 100722 shares. The stock had previously closed at $78.41.

JPMorgan BetaBuilders Japan ETF Stock Up 1.2%

The firm’s fifty day moving average is $77.44 and its two-hundred day moving average is $74.75. The firm has a market cap of $17.08 billion, a P/E ratio of 14.47 and a beta of 0.65.

Institutional Investors Weigh In On JPMorgan BetaBuilders Japan ETF

A number of large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in shares of JPMorgan BetaBuilders Japan ETF in the 2nd quarter worth approximately $48,000. NewEdge Advisors LLC boosted its position in shares of JPMorgan BetaBuilders Japan ETF by 345.0% during the second quarter. NewEdge Advisors LLC now owns 3,217 shares of the company’s stock valued at $242,000 after purchasing an additional 2,494 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of JPMorgan BetaBuilders Japan ETF by 1.6% during the second quarter. Baird Financial Group Inc. now owns 61,204 shares of the company’s stock valued at $4,609,000 after purchasing an additional 944 shares in the last quarter. Range Advisory LLC purchased a new stake in JPMorgan BetaBuilders Japan ETF in the second quarter worth $207,000. Finally, Allianz Asset Management GmbH purchased a new stake in JPMorgan BetaBuilders Japan ETF in the second quarter worth $452,000.

About JPMorgan BetaBuilders Japan ETF

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.