JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Reaches New 52-Week High – Time to Buy?

JPMorgan BetaBuilders Europe ETF (BATS:BBEU)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $78.24 and last traded at $78.3350, with a volume of 102866 shares. The stock had previously closed at $77.43.

JPMorgan BetaBuilders Europe ETF Stock Performance

The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93. The company has a fifty day simple moving average of $74.23 and a two-hundred day simple moving average of $71.00.

Institutional Investors Weigh In On JPMorgan BetaBuilders Europe ETF

A number of large investors have recently bought and sold shares of BBEU. Signaturefd LLC acquired a new position in shares of JPMorgan BetaBuilders Europe ETF in the 4th quarter valued at approximately $28,000. Cullen Frost Bankers Inc. bought a new position in JPMorgan BetaBuilders Europe ETF in the fourth quarter valued at approximately $29,000. Rothschild Investment LLC bought a new position in JPMorgan BetaBuilders Europe ETF in the second quarter valued at approximately $32,000. CIBC Private Wealth Group LLC bought a new stake in JPMorgan BetaBuilders Europe ETF during the third quarter worth $42,000. Finally, Russell Investments Group Ltd. bought a new stake in JPMorgan BetaBuilders Europe ETF during the third quarter worth $55,000.

JPMorgan BetaBuilders Europe ETF Company Profile

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.