JPMorgan BetaBuilders Japan ETF (BATS:BBJP) Hits New 52-Week High – Should You Buy?

Shares of JPMorgan BetaBuilders Japan ETF (BATS:BBJP) hit a new 52-week high on Tuesday . The stock traded as high as $76.89 and last traded at $76.89, with a volume of 97850 shares changing hands. The stock had previously closed at $76.34.

JPMorgan BetaBuilders Japan ETF Trading Up 0.6%

The firm’s fifty day simple moving average is $73.46 and its two-hundred day simple moving average is $71.17. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of 14.47 and a beta of 0.65.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new stake in shares of JPMorgan BetaBuilders Japan ETF during the 1st quarter worth about $489,000. Goldman Sachs Group Inc. acquired a new stake in shares of JPMorgan BetaBuilders Japan ETF during the first quarter valued at about $7,230,000. Brown Advisory Inc. purchased a new stake in shares of JPMorgan BetaBuilders Japan ETF in the 2nd quarter valued at approximately $217,000. Cerity Partners LLC lifted its holdings in shares of JPMorgan BetaBuilders Japan ETF by 317.1% in the 2nd quarter. Cerity Partners LLC now owns 49,067 shares of the company’s stock worth $3,031,000 after acquiring an additional 37,303 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of JPMorgan BetaBuilders Japan ETF by 8,242.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 22,358 shares of the company’s stock worth $1,381,000 after acquiring an additional 22,090 shares during 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.