JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Trading 39.2% Higher – Still a Buy?

Shares of JPMorgan BetaBuilders Europe ETF (BATS:BBEU) shot up 39.2% during trading on Thursday . The stock traded as high as $56.33 and last traded at $77.2240. 276,646 shares changed hands during trading, a decline of 62% from the average session volume of 724,275 shares. The stock had previously closed at $55.48.

JPMorgan BetaBuilders Europe ETF Price Performance

The firm has a market capitalization of $5.23 billion, a P/E ratio of 16.78 and a beta of 0.93. The firm’s 50 day simple moving average is $73.43 and its two-hundred day simple moving average is $70.56.

Institutional Investors Weigh In On JPMorgan BetaBuilders Europe ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in JPMorgan BetaBuilders Europe ETF by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 51,317 shares of the company’s stock worth $3,462,000 after acquiring an additional 2,464 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of JPMorgan BetaBuilders Europe ETF by 1,196.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 661 shares of the company’s stock worth $45,000 after purchasing an additional 610 shares during the last quarter. Osaic Holdings Inc. boosted its stake in JPMorgan BetaBuilders Europe ETF by 196.9% in the 2nd quarter. Osaic Holdings Inc. now owns 37,505 shares of the company’s stock worth $2,532,000 after purchasing an additional 24,871 shares in the last quarter. Curbstone Financial Management Corp bought a new position in JPMorgan BetaBuilders Europe ETF in the 3rd quarter worth about $2,066,000. Finally, Arkadios Wealth Advisors purchased a new stake in JPMorgan BetaBuilders Europe ETF during the 2nd quarter valued at about $271,000.

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.