JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Shares Up 1.3% – Should You Buy?

Shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) rose 1.3% during mid-day trading on Thursday . The stock traded as high as $49.26 and last traded at $49.13. Approximately 417,276 shares changed hands during mid-day trading, The stock had previously closed at $48.50.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Trading Up 1.5 %

The company has a fifty day moving average of $50.37 and a 200-day moving average of $50.72. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 13.86 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 589.8% in the second quarter. Brown Brothers Harriman & Co. now owns 876 shares of the company’s stock valued at $42,000 after buying an additional 749 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the 3rd quarter valued at about $394,000. Finally, Financial Management Professionals Inc. acquired a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the 3rd quarter valued at about $7,132,000.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Company Profile

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.