JPMorgan Chase & Co. Increases Position in BBIN ETF

During the second quarter, JPMorgan Chase & Co. expanded its investment in the JPMorgan BetaBuilders International Equity ETF (BBIN), raising its ownership by 2.2%. Following this increase, JPMorgan now has control over 58,152,513 shares, a result of purchasing an additional 1,258,977 shares. This significant stake is valued at approximately $3.19 billion, based on the latest SEC filings.

Other Investors Adjust BBIN Holdings

A number of other prominent investment firms have also adjusted their BBIN stakes. For instance, GeoWealth Management LLC has commenced a new position valued at $2.35 million. Private Advisor Group LLC expanded its holdings by 14.9%, while Cetera Advisor Networks LLC enjoyed a 12.4% increase in their investment. Furthermore, both Geneos Wealth Management Inc. and GSB Wealth Management LLC made fresh entries during the quarter, adding BBIN shares to their portfolios.

BBIN ETF Sees Trading Uptick

BBIN's stock saw a slight increase during midday trading on a recent Tuesday, with the price per share rising by $0.19 to hit $54.54. The ETF, boasting a market capitalization of $3.73 billion, has a PE ratio of 11.72 and a beta of 0.89, indicating moderate volatility. It has also exhibited a stable performance over time, with a 50-day moving average of $52.15 and a 200-day moving average of $53.83.

Understanding BBIN

The JPMorgan BetaBuilders International Equity ETF primarily invests in a broad range of equities from developed non-North American markets, focusing on large and mid-cap stocks as per market capitalization. Since its inception on December 5, 2019, it has been managed by JPMorgan Chase, offering investors a way to access international markets.

JPMorgan, BBIN, ETF