JPMorgan Chase & Co. Sells 32,440,072 Shares of JPMorgan BetaBuilders Europe ETF (BATS:BBEU)

JPMorgan Chase & Co. lessened its stake in shares of JPMorgan BetaBuilders Europe ETF (BATS:BBEU) by 21.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,583,864 shares of the company’s stock after selling 32,440,072 shares during the quarter. JPMorgan BetaBuilders Europe ETF accounts for about 0.7% of JPMorgan Chase & Co.’s investment portfolio, making the stock its 15th largest position. JPMorgan Chase & Co. owned 98.57% of JPMorgan BetaBuilders Europe ETF worth $6,580,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in JPMorgan BetaBuilders Europe ETF by 52.8% in the second quarter. PNC Financial Services Group Inc. now owns 6,958 shares of the company’s stock valued at $377,000 after buying an additional 2,404 shares in the last quarter. US Bancorp DE boosted its holdings in shares of JPMorgan BetaBuilders Europe ETF by 122.3% in the 2nd quarter. US Bancorp DE now owns 3,679 shares of the company’s stock worth $199,000 after acquiring an additional 2,024 shares in the last quarter. Flow Traders U.S. LLC boosted its holdings in shares of JPMorgan BetaBuilders Europe ETF by 208.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 144,640 shares of the company’s stock worth $7,828,000 after acquiring an additional 97,766 shares in the last quarter. Coastal Investment Advisors Inc. bought a new stake in JPMorgan BetaBuilders Europe ETF during the 2nd quarter worth approximately $73,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in JPMorgan BetaBuilders Europe ETF during the 2nd quarter valued at $228,000.

JPMorgan BetaBuilders Europe ETF Stock Performance

JPMorgan BetaBuilders Europe ETF stock traded up $0.24 on Tuesday, reaching $53.69. The company’s stock had a trading volume of 1,945,417 shares. The stock has a market capitalization of $6.62 billion, a P/E ratio of 10.98 and a beta of 0.93. The company’s fifty day moving average is $50.98 and its two-hundred day moving average is $52.95.

JPMorgan BetaBuilders Europe ETF Company 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.