Municipal Employees Retirement System of Michigan Has $160.25 Million Position in JPMorgan BetaBuilders Europe ETF (BATS:BBEU)

Municipal Employees Retirement System of Michigan boosted its stake in JPMorgan BetaBuilders Europe ETF (BATS:BBEU) by 19.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,697,749 shares of the company’s stock after acquiring an additional 430,030 shares during the period. JPMorgan BetaBuilders Europe ETF accounts for 2.1% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 18th largest holding. Municipal Employees Retirement System of Michigan owned about 2.06% of JPMorgan BetaBuilders Europe ETF worth $160,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Webster Bank N. A. bought a new stake in JPMorgan BetaBuilders Europe ETF in the fourth quarter valued at approximately $26,000. Global Retirement Partners LLC bought a new position in shares of JPMorgan BetaBuilders Europe ETF during the 4th quarter worth approximately $31,000. Principal Securities Inc. bought a new position in shares of JPMorgan BetaBuilders Europe ETF during the 4th quarter worth approximately $49,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of JPMorgan BetaBuilders Europe ETF by 21.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,642 shares of the company’s stock worth $83,000 after buying an additional 287 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of JPMorgan BetaBuilders Europe ETF during the 4th quarter worth approximately $95,000.

JPMorgan BetaBuilders Europe ETF Stock Down 0.2 %

Shares of JPMorgan BetaBuilders Europe ETF stock traded down $0.11 on Friday, reaching $58.88. 426,746 shares of the company’s stock were exchanged. The firm has a market cap of $7.72 billion, a P/E ratio of 15.33 and a beta of 0.84. The business has a 50 day moving average price of $60.30 and a 200-day moving average price of $58.21.

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.