Avestar Capital LLC Takes Position in JPMorgan BetaBuilders Japan ETF $BBJP

Avestar Capital LLC bought a new position in JPMorgan BetaBuilders Japan ETF (BATS:BBJP) during the 2nd quarter, HoldingsChannel reports. The fund bought 43,361 shares of the company’s stock, valued at approximately $2,679,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC grew its holdings in JPMorgan BetaBuilders Japan ETF by 51.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 370,675 shares of the company’s stock worth $22,900,000 after acquiring an additional 126,035 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. purchased a new stake in shares of JPMorgan BetaBuilders Japan ETF during the second quarter worth about $210,000. Brown Advisory Inc. bought a new stake in shares of JPMorgan BetaBuilders Japan ETF in the second quarter worth about $217,000. Baird Financial Group Inc. grew its stake in shares of JPMorgan BetaBuilders Japan ETF by 12.3% in the second quarter. Baird Financial Group Inc. now owns 56,707 shares of the company’s stock worth $3,503,000 after purchasing an additional 6,229 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in JPMorgan BetaBuilders Japan ETF by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,932 shares of the company’s stock valued at $737,000 after purchasing an additional 271 shares during the period.

JPMorgan BetaBuilders Japan ETF Price Performance

BBJP opened at $69.17 on Friday. JPMorgan BetaBuilders Japan ETF has a one year low of $49.03 and a one year high of $63.72. The business has a 50 day simple moving average of $67.94 and a two-hundred day simple moving average of $64.50. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 14.47 and a beta of 0.65.

JPMorgan BetaBuilders Japan ETF Profile

The JPMorgan BetaBuilders Japan ETF (BBJP) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of Japanese large- and mid-cap stocks. BBJP was launched on Jun 15, 2018 and is managed by JPMorgan Chase.