JPMorgan Chase & Co. Reduces Stock Position in JPMorgan BetaBuilders Europe ETF (BATS:BBEU)

JPMorgan Chase & Co. cut its stake in shares of JPMorgan BetaBuilders Europe ETF (BATS:BBEU) by 50.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,942,695 shares of the company’s stock after selling 45,106,049 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.34% of JPMorgan BetaBuilders Europe ETF worth $2,435,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of JPMorgan BetaBuilders Europe ETF by 9,500.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 576 shares of the company’s stock worth $32,000 after purchasing an additional 570 shares during the period. Larson Financial Group LLC bought a new position in JPMorgan BetaBuilders Europe ETF in the fourth quarter worth approximately $45,000. Armstrong Advisory Group Inc. bought a new position in JPMorgan BetaBuilders Europe ETF in the fourth quarter worth approximately $63,000. Tortoise Investment Management LLC boosted its stake in shares of JPMorgan BetaBuilders Europe ETF by 39.5% during the 4th quarter. Tortoise Investment Management LLC now owns 1,518 shares of the company’s stock worth $84,000 after acquiring an additional 430 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of JPMorgan BetaBuilders Europe ETF by 2,588.6% during the 4th quarter. Assetmark Inc. now owns 1,882 shares of the company’s stock valued at $104,000 after acquiring an additional 1,812 shares during the period.

JPMorgan BetaBuilders Europe ETF Stock Performance

Shares of JPMorgan BetaBuilders Europe ETF stock opened at $62.72 on Friday. The stock has a market cap of $4.10 billion, a P/E ratio of 18.30 and a beta of 0.96. The stock’s fifty day moving average is $61.26 and its 200 day moving average is $59.61. JPMorgan BetaBuilders Europe ETF has a one year low of $54.83 and a one year high of $64.68.

JPMorgan BetaBuilders Europe ETF Company Profile

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.