JPMorgan BetaBuilders Japan ETF (BATS:BBJP) Hits New 12-Month High – Here’s Why

Shares of JPMorgan BetaBuilders Japan ETF (BATS:BBJP) reached a new 52-week high during trading on Wednesday . The stock traded as high as $79.18 and last traded at $79.05, with a volume of 27215 shares traded. The stock had previously closed at $77.74.

JPMorgan BetaBuilders Japan ETF Stock Performance

The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 14.47 and a beta of 0.65. The company has a fifty day simple moving average of $75.31 and a two-hundred day simple moving average of $73.23.

Hedge Funds Weigh In On JPMorgan BetaBuilders Japan ETF

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp purchased a new stake in JPMorgan BetaBuilders Japan ETF in the 4th quarter valued at about $28,000. Ares Financial Consulting LLC acquired a new position in shares of JPMorgan BetaBuilders Japan ETF during the 2nd quarter valued at about $32,000. Signaturefd LLC purchased a new position in shares of JPMorgan BetaBuilders Japan ETF during the 4th quarter worth about $42,000. Advisory Services Network LLC purchased a new position in shares of JPMorgan BetaBuilders Japan ETF during the 3rd quarter worth about $48,000. Finally, NewEdge Advisors LLC boosted its position in shares of JPMorgan BetaBuilders Japan ETF by 84.4% in the first quarter. NewEdge Advisors LLC now owns 723 shares of the company’s stock worth $50,000 after acquiring an additional 331 shares during the last quarter.

JPMorgan BetaBuilders Japan ETF Company Profile

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.