JPMorgan BetaBuilders Japan ETF (BATS:BBJP) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

JPMorgan BetaBuilders Japan ETF (BATS:BBJP) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $74.51 and traded as low as $71.58. JPMorgan BetaBuilders Japan ETF shares last traded at $71.62, with a volume of 1,785,006 shares traded.

JPMorgan BetaBuilders Japan ETF Stock Down 0.1%

The stock has a 50 day simple moving average of $77.58 and a 200 day simple moving average of $74.52. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 14.47 and a beta of 0.65.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in JPMorgan BetaBuilders Japan ETF by 557.7% in the first quarter. Bank of America Corp DE now owns 1,253,896 shares of the company’s stock valued at $86,406,000 after buying an additional 1,063,238 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in JPMorgan BetaBuilders Japan ETF in the 3rd quarter valued at about $67,681,000. Birch Hill Investment Advisors LLC bought a new stake in JPMorgan BetaBuilders Japan ETF in the 3rd quarter valued at about $17,352,000. Avidian Wealth Enterprises LLC bought a new stake in JPMorgan BetaBuilders Japan ETF in the 3rd quarter valued at about $11,518,000. Finally, Gateway Wealth Partners LLC acquired a new position in JPMorgan BetaBuilders Japan ETF during the 1st quarter valued at about $3,063,000.

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.