JPMorgan BetaBuilders Japan ETF (BATS:BBJP) Reaches New 1-Year High – Time to Buy?

JPMorgan BetaBuilders Japan ETF (BATS:BBJP)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $79.78 and last traded at $79.6150, with a volume of 363546 shares changing hands. The stock had previously closed at $78.99.

JPMorgan BetaBuilders Japan ETF Price Performance

The firm has a 50-day moving average of $76.93 and a 200-day moving average of $74.38. The stock has a market cap of $16.85 billion, a PE ratio of 14.47 and a beta of 0.65.

Institutional Investors Weigh In On JPMorgan BetaBuilders Japan ETF

A number of institutional investors have recently added to or reduced their stakes in BBJP. Assetmark Inc. raised its stake in JPMorgan BetaBuilders Japan ETF by 1.0% in the first quarter. Assetmark Inc. now owns 14,338 shares of the company’s stock worth $988,000 after buying an additional 139 shares in the last quarter. Retirement Planning Group LLC boosted its position in JPMorgan BetaBuilders Japan ETF by 2.5% during the 1st quarter. Retirement Planning Group LLC now owns 11,987 shares of the company’s stock valued at $826,000 after acquiring an additional 296 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in JPMorgan BetaBuilders Japan ETF by 3.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,456 shares of the company’s stock valued at $652,000 after acquiring an additional 330 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of JPMorgan BetaBuilders Japan ETF by 84.4% in the 1st quarter. NewEdge Advisors LLC now owns 723 shares of the company’s stock valued at $50,000 after acquiring an additional 331 shares during the period. Finally, Simon Quick Advisors LLC raised its position in shares of JPMorgan BetaBuilders Japan ETF by 7.6% in the 1st quarter. Simon Quick Advisors LLC now owns 5,477 shares of the company’s stock worth $377,000 after acquiring an additional 388 shares in the last quarter.

About JPMorgan BetaBuilders Japan ETF

The JPMorgan BetaBuilders Japan ETF (BBJP) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of Japanese large- and mid-cap stocks. BBJP was launched on Jun 15, 2018 and is managed by JPMorgan Chase.