JPMorgan Chase & Co. Cuts Stake in JPMorgan BetaBuilders Europe ETF (BATS:BBEU)

JPMorgan Chase & Co. decreased its stake in JPMorgan BetaBuilders Europe ETF (BATS:BBEU) by 17.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 89,048,744 shares of the company’s stock after selling 18,879,697 shares during the quarter. JPMorgan Chase & Co. owned about 0.68% of JPMorgan BetaBuilders Europe ETF worth $5,551,299,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BBEU. FMR LLC boosted its stake in shares of JPMorgan BetaBuilders Europe ETF by 19.0% in the third quarter. FMR LLC now owns 11,957 shares of the company’s stock valued at $745,000 after purchasing an additional 1,912 shares during the period. Choreo LLC acquired a new stake in JPMorgan BetaBuilders Europe ETF during the 2nd quarter valued at approximately $1,009,000. Quantinno Capital Management LP increased its holdings in JPMorgan BetaBuilders Europe ETF by 16.1% during the 3rd quarter. Quantinno Capital Management LP now owns 30,878 shares of the company’s stock worth $1,925,000 after purchasing an additional 4,280 shares during the last quarter. Argent Trust Co raised its position in shares of JPMorgan BetaBuilders Europe ETF by 20.6% in the 2nd quarter. Argent Trust Co now owns 5,528 shares of the company’s stock valued at $325,000 after purchasing an additional 944 shares in the last quarter. Finally, Breakwater Investment Management increased its stake in shares of JPMorgan BetaBuilders Europe ETF by 2.9% in the second quarter. Breakwater Investment Management now owns 11,570 shares of the company’s stock worth $681,000 after buying an additional 326 shares during the last quarter.

JPMorgan BetaBuilders Europe ETF Stock Up 0.4 %

BATS BBEU traded up $0.23 during trading hours on Thursday, reaching $55.81. 346,311 shares of the company traded hands. The stock has a market capitalization of $7.31 billion, a PE ratio of 15.33 and a beta of 0.84. The stock has a 50 day simple moving average of $58.20 and a 200 day simple moving average of $59.70.

JPMorgan BetaBuilders Europe ETF 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.