JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Sets New 1-Year High – Should You Buy?

JPMorgan BetaBuilders Europe ETF (BATS:BBEU)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $81.12 and last traded at $81.05, with a volume of 2406 shares changing hands. The stock had previously closed at $80.81.

JPMorgan BetaBuilders Europe ETF Stock Performance

The company has a market cap of $5.48 billion, a PE ratio of 16.78 and a beta of 0.93. The business’s 50-day moving average is $78.67 and its 200 day moving average is $76.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of JPMorgan BetaBuilders Europe ETF in the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new position in JPMorgan BetaBuilders Europe ETF during the 4th quarter worth approximately $29,000. Compass Financial Management LLC bought a new position in JPMorgan BetaBuilders Europe ETF during the 2nd quarter worth approximately $32,000. Aptus Capital Advisors LLC purchased a new position in JPMorgan BetaBuilders Europe ETF in the 4th quarter worth approximately $32,000. Finally, Western Wealth Management LLC purchased a new position in JPMorgan BetaBuilders Europe ETF in the 1st quarter worth approximately $33,000.

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.