JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) Sets New 12-Month High – Time to Buy?

JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $80.38 and last traded at $80.38, with a volume of 5049 shares trading hands. The stock had previously closed at $79.60.

JPMorgan BetaBuilders International Equity ETF Stock Performance

The firm has a market cap of $6.54 billion, a P/E ratio of 16.24 and a beta of 0.84. The stock has a fifty day simple moving average of $78.30 and a 200 day simple moving average of $77.01.

Institutional Investors Weigh In On JPMorgan BetaBuilders International Equity ETF

Several institutional investors have recently modified their holdings of BBIN. Morgan Stanley increased its holdings in JPMorgan BetaBuilders International Equity ETF by 61.2% during the fourth quarter. Morgan Stanley now owns 3,574,797 shares of the company’s stock valued at $258,529,000 after buying an additional 1,357,830 shares during the last quarter. Bank of America Corp DE grew its position in shares of JPMorgan BetaBuilders International Equity ETF by 96.2% during the 3rd quarter. Bank of America Corp DE now owns 828,937 shares of the company’s stock valued at $58,133,000 after acquiring an additional 406,433 shares during the period. Susquehanna International Group LLP increased its stake in shares of JPMorgan BetaBuilders International Equity ETF by 5,122.2% in the 3rd quarter. Susquehanna International Group LLP now owns 276,462 shares of the company’s stock worth $19,388,000 after purchasing an additional 271,168 shares in the last quarter. WNY Asset Management LLC bought a new position in JPMorgan BetaBuilders International Equity ETF in the 1st quarter worth $15,155,000. Finally, Gateway Wealth Partners LLC lifted its position in JPMorgan BetaBuilders International Equity ETF by 138.6% during the first quarter. Gateway Wealth Partners LLC now owns 225,948 shares of the company’s stock valued at $16,521,000 after purchasing an additional 131,239 shares in the last quarter.

About JPMorgan BetaBuilders International Equity ETF

The JPMorgan BetaBuilders International Equity ETF (BBIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a developed countries ex-North America index of large- and mid-cap equities that are selected and weighted by market cap. BBIN was launched on Dec 5, 2019 and is managed by JPMorgan Chase.