JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Trading Up 18.4% – Here’s Why

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) shot up 18.4% during trading on Monday . The company traded as high as $49.2610 and last traded at $57.4050. 417,276 shares traded hands during trading, an increase of 76% from the average session volume of 236,700 shares. The stock had previously closed at $48.50.

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF Trading Up 18.4%

The company’s 50-day moving average price is $56.15 and its two-hundred day moving average price is $55.99. The company has a market cap of $5.50 billion, a P/E ratio of 17.74 and a beta of 0.87.

Institutional Investors Weigh In On JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,451,909 shares of the company’s stock worth $4,589,001,000 after purchasing an additional 1,526,729 shares during the last quarter. Syon Capital LLC increased its position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 27.5% in the third quarter. Syon Capital LLC now owns 47,295 shares of the company’s stock worth $2,665,000 after buying an additional 10,212 shares during the period. Flow Traders U.S. LLC acquired a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the second quarter worth $291,000. Ameriprise Financial Inc. bought a new stake in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the third quarter valued at $212,000. Finally, Seven Mile Advisory acquired a new position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF during the third quarter valued at $201,000.

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.