JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Shares Down 0.7% – Here’s Why

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) dropped 0.7% during trading on Friday . The stock traded as low as $61.21 and last traded at $61.41. Approximately 170,949 shares traded hands during trading, a decline of 40% from the average daily volume of 286,418 shares. The stock had previously closed at $61.85.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Trading Down 0.7%

The company has a market cap of $5.88 billion, a price-to-earnings ratio of 17.74 and a beta of 0.87. The firm’s fifty day simple moving average is $61.22 and its 200 day simple moving average is $59.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bayban acquired a new position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 4th quarter worth approximately $210,000. Atlas Capital Advisors Inc. acquired a new position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 4th quarter worth approximately $9,936,000. JPMorgan Chase & Co. grew its holdings in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 2.8% during the 4th quarter. JPMorgan Chase & Co. now owns 83,723,892 shares of the company’s stock worth $4,713,655,000 after acquiring an additional 2,271,983 shares in the last quarter. BOKF NA acquired a new position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 4th quarter worth approximately $41,000. Finally, Ameriprise Financial Inc. acquired a new position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 3rd quarter worth approximately $212,000.

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.