JPMorgan BetaBuilders Europe ETF (BATS:BBEU) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

JPMorgan BetaBuilders Europe ETF (BATS:BBEU – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $76.92 and traded as high as $78.58. JPMorgan BetaBuilders Europe ETF shares last traded at $78.58, with a volume of 167,547 shares.

JPMorgan BetaBuilders Europe ETF Trading Down 1.3%

The firm has a 50 day simple moving average of $76.85 and a two-hundred day simple moving average of $76.94. The company has a market capitalization of $5.15 billion, a PE ratio of 16.78 and a beta of 0.93.

Institutional Investors Weigh In On JPMorgan BetaBuilders Europe ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenwood Capital Associates LLC boosted its position in JPMorgan BetaBuilders Europe ETF by 1.1% during the 1st quarter. Greenwood Capital Associates LLC now owns 382,874 shares of the company’s stock worth $27,724,000 after buying an additional 4,225 shares during the period. Citadel Advisors LLC purchased a new position in shares of JPMorgan BetaBuilders Europe ETF during the 2nd quarter valued at $10,340,000. Oarsman Capital Inc. purchased a new stake in shares of JPMorgan BetaBuilders Europe ETF in the second quarter worth about $8,384,000. Secure Asset Management LLC lifted its holdings in shares of JPMorgan BetaBuilders Europe ETF by 6.6% during the 3rd quarter. Secure Asset Management LLC now owns 62,332 shares of the company’s stock worth $4,718,000 after acquiring an additional 3,873 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. boosted its holdings in JPMorgan BetaBuilders Europe ETF by 4.0% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 46,336 shares of the company’s stock valued at $3,604,000 after acquiring an additional 1,772 shares during the period.

About JPMorgan BetaBuilders Europe ETF

(Get Free Report)

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.

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