JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Sets New 52-Week High – Time to Buy?

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $64.42 and last traded at $64.20, with a volume of 179758 shares. The stock had previously closed at $63.67.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Trading Up 1.8%

The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 17.74 and a beta of 0.87. The business has a 50-day moving average price of $61.22 and a two-hundred day moving average price of $61.21.

Hedge Funds Weigh In On JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BBAX. NewEdge Advisors LLC raised its stake in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 109.6% during the first quarter. NewEdge Advisors LLC now owns 526 shares of the company’s stock valued at $31,000 after purchasing an additional 275 shares in the last quarter. BOKF NA acquired a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the 4th quarter valued at about $41,000. Osaic Holdings Inc. boosted its position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 20.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,732 shares of the company’s stock valued at $149,000 after purchasing an additional 459 shares in the last quarter. Arlington Trust Co LLC raised its holdings in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 229.5% in the 2nd quarter. Arlington Trust Co LLC now owns 2,745 shares of the company’s stock worth $164,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Seven Mile Advisory acquired a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the third quarter valued at approximately $201,000.

About JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

The JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX) 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-market Asian countries, excluding Japan. BBAX was launched on Aug 7, 2018 and is managed by JPMorgan Chase.