JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX – Get Free Report)’s share price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $62.44 and traded as low as $62.05. JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF shares last traded at $62.18, with a volume of 191,418 shares changing hands.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Trading Down 0.5%

The business has a fifty day simple moving average of $62.44 and a two-hundred day simple moving average of $62.12. The stock has a market cap of $6.73 billion, a PE ratio of 18.54 and a beta of 0.78.

Institutional Investors Weigh In On JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the third quarter worth $26,000. CX Institutional bought a new position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the third quarter worth $31,000. NewEdge Advisors LLC raised its holdings in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 109.6% in the first quarter. NewEdge Advisors LLC now owns 526 shares of the company’s stock worth $31,000 after purchasing an additional 275 shares in the last quarter. Bessemer Group Inc. purchased a new position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the third quarter valued at $144,000. Finally, Arlington Trust Co LLC lifted its position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 229.5% during the second quarter. Arlington Trust Co LLC now owns 2,745 shares of the company’s stock valued at $164,000 after buying an additional 1,912 shares during the period.

About JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

(Get Free Report)

The JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX) 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-market Asian countries, excluding Japan. BBAX was launched on Aug 7, 2018 and is managed by JPMorgan Chase.

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