JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) Trading 26% Higher – Should You Buy?

JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BATS:BBAX) shares shot up 26% during mid-day trading on Tuesday . The stock traded as high as $49.2610 and last traded at $61.12. 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 Stock Up 26.0%

The business has a fifty day moving average of $56.79 and a 200 day moving average of $56.42. The company has a market cap of $5.86 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 modified their holdings of the stock. Brown Brothers Harriman & Co. increased its position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 3.4% during the third quarter. Brown Brothers Harriman & Co. now owns 6,548 shares of the company’s stock valued at $369,000 after buying an additional 218 shares during the period. Farther Finance Advisors LLC boosted its position in JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 398.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 469 shares of the company’s stock valued at $26,000 after acquiring an additional 375 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 20.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,732 shares of the company’s stock worth $149,000 after acquiring an additional 459 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF by 10.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 6,421 shares of the company’s stock worth $350,000 after acquiring an additional 585 shares in the last quarter. Finally, Seven Mile Advisory purchased a new position in shares of JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF in the 3rd quarter valued at approximately $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.