JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Hits New 1-Year High – Time to Buy?

JPMorgan BetaBuilders Europe ETF (BATS:BBEU) hit a new 52-week high during trading on Wednesday . The stock traded as high as $79.61 and last traded at $79.58, with a volume of 87774 shares traded. The stock had previously closed at $78.88.

JPMorgan BetaBuilders Europe ETF Price Performance

The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93. The business has a fifty day moving average price of $77.05 and a 200 day moving average price of $75.42.

Hedge Funds Weigh In On JPMorgan BetaBuilders Europe ETF

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in JPMorgan BetaBuilders Europe ETF by 159.3% in the 4th quarter. JPMorgan Chase & Co. now owns 91,996,902 shares of the company’s stock valued at $6,743,373,000 after purchasing an additional 56,521,262 shares during the period. Jane Street Group LLC raised its position in shares of JPMorgan BetaBuilders Europe ETF by 154.5% during the fourth quarter. Jane Street Group LLC now owns 1,165,348 shares of the company’s stock valued at $85,420,000 after buying an additional 707,519 shares during the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan BetaBuilders Europe ETF by 119.4% during the third quarter. Bank of America Corp DE now owns 983,021 shares of the company’s stock valued at $68,428,000 after buying an additional 534,918 shares during the last quarter. Elm Partners Management LLC raised its position in shares of JPMorgan BetaBuilders Europe ETF by 11.0% during the fourth quarter. Elm Partners Management LLC now owns 556,073 shares of the company’s stock valued at $40,760,000 after buying an additional 55,283 shares during the last quarter. Finally, Curbstone Financial Management Corp lifted its stake in shares of JPMorgan BetaBuilders Europe ETF by 111.7% in the fourth quarter. Curbstone Financial Management Corp now owns 62,830 shares of the company’s stock valued at $4,605,000 after buying an additional 33,150 shares during the period.

About JPMorgan BetaBuilders Europe ETF

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.