JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Hits New 1-Year High – Still a Buy?

JPMorgan BetaBuilders Europe ETF (BATS:BBEU) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $79.00 and last traded at $78.54, with a volume of 136 shares trading hands. The stock had previously closed at $78.15.

JPMorgan BetaBuilders Europe ETF Price Performance

The company has a market cap of $5.33 billion, a PE ratio of 16.78 and a beta of 0.93. The business has a 50 day moving average of $75.15 and a 200 day moving average of $71.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BBEU. Royal Bank of Canada lifted its stake in shares of JPMorgan BetaBuilders Europe ETF by 276.0% in the 1st quarter. Royal Bank of Canada now owns 24,816 shares of the company’s stock valued at $1,534,000 after purchasing an additional 18,216 shares during the period. Goldman Sachs Group Inc. bought a new position in JPMorgan BetaBuilders Europe ETF in the first quarter worth $220,000. Envestnet Asset Management Inc. raised its holdings in JPMorgan BetaBuilders Europe ETF by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 51,317 shares of the company’s stock worth $3,462,000 after purchasing an additional 2,464 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in JPMorgan BetaBuilders Europe ETF during the second quarter valued at $240,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of JPMorgan BetaBuilders Europe ETF in the 2nd quarter worth about $271,000.

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.