JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Hits New 52-Week High – Time to Buy?

JPMorgan BetaBuilders Europe ETF (BATS:BBEU)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $80.08 and last traded at $80.00, with a volume of 10807 shares trading hands. The stock had previously closed at $79.44.

JPMorgan BetaBuilders Europe ETF Price Performance

The company has a 50 day moving average price of $77.80 and a 200 day moving average price of $76.52. The firm has a market cap of $5.45 billion, a PE ratio of 16.78 and a beta of 0.93.

Hedge Funds Weigh In On JPMorgan BetaBuilders Europe ETF

A number of large investors have recently bought and sold shares of BBEU. Choreo LLC increased its holdings in shares of JPMorgan BetaBuilders Europe ETF by 215.1% in the 4th quarter. Choreo LLC now owns 13,267 shares of the company’s stock valued at $976,000 after purchasing an additional 9,056 shares in the last quarter. Curbstone Financial Management Corp lifted its stake in shares of JPMorgan BetaBuilders Europe ETF by 111.7% in the fourth quarter. Curbstone Financial Management Corp now owns 62,830 shares of the company’s stock valued at $4,605,000 after purchasing an additional 33,150 shares during the period. Elm Partners Management LLC boosted its holdings in JPMorgan BetaBuilders Europe ETF by 11.0% during the fourth quarter. Elm Partners Management LLC now owns 556,073 shares of the company’s stock worth $40,760,000 after buying an additional 55,283 shares in the last quarter. Greenwood Capital Associates LLC boosted its holdings in JPMorgan BetaBuilders Europe ETF by 4.3% during the fourth quarter. Greenwood Capital Associates LLC now owns 378,649 shares of the company’s stock worth $27,755,000 after buying an additional 15,752 shares in the last quarter. Finally, Cedarwood Wealth LLC purchased a new stake in JPMorgan BetaBuilders Europe ETF during the fourth quarter worth about $511,000.

JPMorgan BetaBuilders Europe ETF Company Profile

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.