Breakwater Investment Management Boosts Stake in JPMorgan BetaBuilders Europe ETF (BATS:BBEU)

Breakwater Investment Management grew its position in shares of JPMorgan BetaBuilders Europe ETF (BATS:BBEU) by 61.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,672 shares of the company’s stock after buying an additional 7,488 shares during the quarter. Breakwater Investment Management’s holdings in JPMorgan BetaBuilders Europe ETF were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marquette Asset Management LLC bought a new stake in JPMorgan BetaBuilders Europe ETF during the third quarter worth $31,000. Armstrong Advisory Group Inc. purchased a new stake in shares of JPMorgan BetaBuilders Europe ETF during the 4th quarter valued at $63,000. EP Wealth Advisors LLC bought a new stake in shares of JPMorgan BetaBuilders Europe ETF during the 3rd quarter worth $121,000. Wilmington Savings Fund Society FSB purchased a new position in shares of JPMorgan BetaBuilders Europe ETF in the 3rd quarter worth about $159,000. Finally, Private Advisor Group LLC bought a new position in JPMorgan BetaBuilders Europe ETF during the third quarter valued at about $207,000.

JPMorgan BetaBuilders Europe ETF Price Performance

BATS BBEU opened at $57.00 on Tuesday. The stock has a market capitalization of $7.47 billion, a P/E ratio of 15.33 and a beta of 0.84. The stock’s 50-day moving average is $56.86 and its 200-day moving average is $59.17.

JPMorgan BetaBuilders Europe ETF 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.