JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Stock Price Down 0.4% – Here’s Why

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) shares were down 0.4% on Friday . The stock traded as low as $61.83 and last traded at $61.90. Approximately 124,755 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 288,977 shares. The stock had previously closed at $62.15.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Stock Performance

The firm has a market capitalization of $5.93 billion, a P/E ratio of 17.74 and a beta of 0.87. The stock has a 50 day moving average of $61.39 and a 200-day moving average of $58.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 2.8% in the 4th quarter. JPMorgan Chase & Co. now owns 83,723,892 shares of the company’s stock valued at $4,713,655,000 after buying an additional 2,271,983 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the fourth quarter worth $9,936,000. Syon Capital LLC boosted its holdings in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 27.5% in the third quarter. Syon Capital LLC now owns 47,295 shares of the company’s stock worth $2,665,000 after acquiring an additional 10,212 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 3.4% in the third quarter. Brown Brothers Harriman & Co. now owns 6,548 shares of the company’s stock worth $369,000 after acquiring an additional 218 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the second quarter valued at $291,000.

About JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

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.