JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Trading 39.2% Higher – Should You Buy?

JPMorgan BetaBuilders Europe ETF (BATS:BBEUGet Free Report)’s stock price shot up 39.2% on Thursday . The stock traded as high as $56.33 and last traded at $77.2240. 276,646 shares were traded during trading, a decline of 62% from the average session volume of 724,275 shares. The stock had previously closed at $55.48.

JPMorgan BetaBuilders Europe ETF Stock Up 37.9%

The stock has a market capitalization of $5.18 billion, a PE ratio of 16.78 and a beta of 0.93. The stock’s 50 day moving average price is $73.58 and its 200-day moving average price is $70.63.

Institutional Investors Weigh In On JPMorgan BetaBuilders Europe ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BBEU. Bank of America Corp DE increased 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 worth $68,428,000 after purchasing an additional 534,918 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in JPMorgan BetaBuilders Europe ETF during the 2nd quarter valued at about $24,797,000. Elm Partners Management LLC raised its stake in JPMorgan BetaBuilders Europe ETF by 290.9% in the second quarter. Elm Partners Management LLC now owns 361,113 shares of the company’s stock valued at $24,361,000 after buying an additional 268,744 shares during the last quarter. 1 North Wealth Services LLC purchased a new stake in JPMorgan BetaBuilders Europe ETF in the second quarter valued at about $7,221,000. Finally, Kingsview Wealth Management LLC acquired a new stake in JPMorgan BetaBuilders Europe ETF in the second quarter worth about $4,979,000.

About JPMorgan BetaBuilders Europe ETF

(Get Free Report)

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.

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