JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) Sets New 52-Week High – Here’s What Happened

JPMorgan BetaBuilders International Equity ETF (BATS:BBIN)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $79.81 and last traded at $79.68, with a volume of 1258 shares traded. The stock had previously closed at $79.21.

JPMorgan BetaBuilders International Equity ETF Stock Performance

The firm has a market capitalization of $6.50 billion, a P/E ratio of 16.24 and a beta of 0.84. The firm has a 50 day simple moving average of $75.67 and a two-hundred day simple moving average of $72.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBIN. Royal Bank of Canada lifted its position in shares of JPMorgan BetaBuilders International Equity ETF by 74.2% during the 1st quarter. Royal Bank of Canada now owns 39,779 shares of the company’s stock valued at $2,447,000 after buying an additional 16,944 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in JPMorgan BetaBuilders International Equity ETF in the 1st quarter valued at about $1,200,000. Envestnet Asset Management Inc. lifted its holdings in JPMorgan BetaBuilders International Equity ETF by 11.0% during the second quarter. Envestnet Asset Management Inc. now owns 566,391 shares of the company’s stock valued at $38,231,000 after purchasing an additional 56,121 shares during the last quarter. WNY Asset Management LLC lifted its holdings in JPMorgan BetaBuilders International Equity ETF by 16.5% during the second quarter. WNY Asset Management LLC now owns 174,476 shares of the company’s stock valued at $11,777,000 after purchasing an additional 24,678 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in JPMorgan BetaBuilders International Equity ETF by 11.7% during the second quarter. Daymark Wealth Partners LLC now owns 370,316 shares of the company’s stock worth $24,996,000 after purchasing an additional 38,821 shares during the period.

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.