JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) Reaches New 12-Month High – Here’s Why

JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $80.23 and last traded at $80.23, with a volume of 1397 shares. The stock had previously closed at $79.60.

JPMorgan BetaBuilders International Equity ETF Stock Up 0.6%

The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 16.24 and a beta of 0.84. The business has a fifty day simple moving average of $77.75 and a two-hundred day simple moving average of $75.84.

Institutional Trading of JPMorgan BetaBuilders International Equity ETF

A number of large investors have recently bought and sold shares of BBIN. Morgan Stanley raised its stake 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 worth $258,529,000 after acquiring an additional 1,357,830 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of JPMorgan BetaBuilders International Equity ETF by 10.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,066,731 shares of the company’s stock valued at $144,940,000 after purchasing an additional 200,524 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of JPMorgan BetaBuilders International Equity ETF by 96.2% in the 3rd quarter. Bank of America Corp DE now owns 828,937 shares of the company’s stock worth $58,133,000 after purchasing an additional 406,433 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of JPMorgan BetaBuilders International Equity ETF by 9.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 594,360 shares of the company’s stock worth $42,984,000 after purchasing an additional 52,463 shares during the last quarter. Finally, Kelly Financial Group LLC increased its position in shares of JPMorgan BetaBuilders International Equity ETF by 2.8% during the 4th quarter. Kelly Financial Group LLC now owns 541,542 shares of the company’s stock worth $39,164,000 after purchasing an additional 14,847 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.