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

JPMorgan Chase & Co. lowered its position in JPMorgan BetaBuilders Europe ETF (BATS:BBEU) by 21.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 121,583,864 shares of the company’s stock after selling 32,440,072 shares during the period. JPMorgan BetaBuilders Europe ETF comprises approximately 0.7% of JPMorgan Chase & Co.’s investment portfolio, making the stock its 15th largest position. JPMorgan Chase & Co. owned approximately 0.99% of JPMorgan BetaBuilders Europe ETF worth $6,580,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BBEU. OLD Mission Capital LLC lifted its stake in shares of JPMorgan BetaBuilders Europe ETF by 138.0% in the 1st quarter. OLD Mission Capital LLC now owns 344,064 shares of the company’s stock valued at $18,366,000 after acquiring an additional 199,474 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in JPMorgan BetaBuilders Europe ETF in the 2nd quarter worth approximately $228,000. Flow Traders U.S. LLC lifted its position in JPMorgan BetaBuilders Europe ETF by 208.6% in the second quarter. Flow Traders U.S. LLC now owns 144,640 shares of the company’s stock valued at $7,828,000 after purchasing an additional 97,766 shares during the last quarter. Coastal Investment Advisors Inc. purchased a new stake in shares of JPMorgan BetaBuilders Europe ETF during the second quarter valued at approximately $73,000. Finally, Lincoln National Corp bought a new position in shares of JPMorgan BetaBuilders Europe ETF in the second quarter worth approximately $576,000.

JPMorgan BetaBuilders Europe ETF Trading Up 0.4 %

Shares of BATS BBEU traded up $0.24 during mid-day trading on Tuesday, hitting $53.69. The stock had a trading volume of 1,945,417 shares. The business’s 50-day moving average price is $50.98 and its 200 day moving average price is $52.95. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 10.98 and a beta of 0.93.

About JPMorgan BetaBuilders Europe ETF

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.