JPMorgan Chase Increases Holdings in BetaBuilders International Equity ETF

JPMorgan Chase & Co. has upped its investment in the JPMorgan BetaBuilders International Equity ETF, symbol BATS:BBIN, by 2.2%, a move observed during the second quarter as reported in their latest Form 13F filing with the Securities and Exchange Commission (SEC). This recent purchase of an additional 1,258,977 shares brings the firm's total ownership to 58,152,513 shares. JPMorgan Chase & Co. now holds an 85.02% stake in the ETF, with a value reaching approximately $3.19 billion.

Other Investment Shifts in BBIN

Notably, JPMorgan Chase & Co. isn't the only institution adjusting its interest in the BetaBuilders International Equity ETF. Several other players in the financial landscape have also recorded changes. For instance, GeoWealth Management LLC embarked on a new investment with a $2.34 million stake. Private Advisor Group LLC augmented its shares by 14.9%, now possessing 6,853 shares worth $383,000. Moreover, Cetera Advisor Networks LLC also enlarged its holding by 12.4%, now owning 21,527 shares. New stakes were also initiated by Geneos Wealth Management Inc. and GSB Wealth Management LLC, valued at about $539,000 and $388,000, respectively.

Performance and Trading of BBIN

On the trading front, the ETF's units experienced a slight increase of 0.3%, with shares trading at $54.54. The ETF enjoys a solid market cap of $3.73 billion, sustains a PE ratio of 11.72, and maintains a market activity with a beta of 0.89. The 50-day and 200-day moving averages are currently standing at $52.15 and $53.83, respectively.

About the BetaBuilders International Equity ETF

The ETF, operated by JPMorgan Chase, mainly focuses on a broad range of equities outside of North America, concentrating on large- and mid-cap stocks across developed nations, according to market capitalization. Since its inception on December 5, 2019, BBIN has aimed to mirror the performance of developed market indices, excluding North America.

JPMorgan, Investment, ETF