JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) Sets New 52-Week High – Still a Buy?

JPMorgan BetaBuilders International Equity ETF (BATS:BBIN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $79.81 and last traded at $79.68, with a volume of 1258 shares traded. The stock had previously closed at $79.21.

JPMorgan BetaBuilders International Equity ETF Price Performance

The stock has a market capitalization of $6.49 billion, a P/E ratio of 16.24 and a beta of 0.84. The stock has a fifty day moving average price of $75.96 and a 200 day moving average price of $72.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in JPMorgan BetaBuilders International Equity ETF in the 3rd quarter worth approximately $1,043,000. Advisory Services Network LLC grew its stake in shares of JPMorgan BetaBuilders International Equity ETF by 1,451.3% during the second quarter. Advisory Services Network LLC now owns 186,919 shares of the company’s stock valued at $12,355,000 after buying an additional 174,870 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in JPMorgan BetaBuilders International Equity ETF by 113.1% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,766,430 shares of the company’s stock worth $119,234,000 after purchasing an additional 937,560 shares during the period. 5T Wealth LLC lifted its position in JPMorgan BetaBuilders International Equity ETF by 21.4% in the third quarter. 5T Wealth LLC now owns 81,980 shares of the company’s stock valued at $5,749,000 after purchasing an additional 14,443 shares during the last quarter. Finally, TBH Global Asset Management LLC bought a new stake in JPMorgan BetaBuilders International Equity ETF in the third quarter valued at approximately $655,000.

About JPMorgan BetaBuilders International Equity ETF

The JPMorgan BetaBuilders International Equity ETF (BBIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a developed countries ex-North America index of large- and mid-cap equities that are selected and weighted by market cap. BBIN was launched on Dec 5, 2019 and is managed by JPMorgan Chase.