JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Trading Up 1% – Here’s Why

Shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) shot up 1% during mid-day trading on Monday . The stock traded as high as $51.63 and last traded at $51.52. 123,817 shares changed hands during trading, The stock had previously closed at $51.02.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Price Performance

The stock has a market capitalization of $4.93 billion, a PE ratio of 13.86 and a beta of 0.99. The firm’s 50 day simple moving average is $52.29 and its 200 day simple moving average is $50.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAX. Ashton Thomas Private Wealth LLC purchased a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the 2nd quarter worth approximately $31,000. Brown Brothers Harriman & Co. increased its stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 589.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 876 shares of the company’s stock worth $42,000 after acquiring an additional 749 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the second quarter valued at $59,000. Icon Wealth Advisors LLC bought a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the third quarter worth $68,000. Finally, Atlas Capital Advisors LLC grew its stake in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 198.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 9,814 shares of the company’s stock worth $475,000 after buying an additional 6,523 shares in the last quarter.

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.