Sapient Capital LLC Cuts Stake in JPMorgan BetaBuilders Europe ETF (BATS:BBEU)

Sapient Capital LLC cut its stake in JPMorgan BetaBuilders Europe ETF (BATS:BBEU) by 23.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,248 shares of the company’s stock after selling 3,174 shares during the quarter. Sapient Capital LLC’s holdings in JPMorgan BetaBuilders Europe ETF were worth $609,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan raised its position in JPMorgan BetaBuilders Europe ETF by 19.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,697,749 shares of the company’s stock valued at $160,246,000 after purchasing an additional 430,030 shares during the period. Cooksen Wealth LLC purchased a new position in JPMorgan BetaBuilders Europe ETF in the fourth quarter valued at about $191,000. Syon Capital LLC purchased a new position in JPMorgan BetaBuilders Europe ETF in the fourth quarter valued at about $228,000. CIBC Private Wealth Group LLC purchased a new position in JPMorgan BetaBuilders Europe ETF in the fourth quarter valued at about $694,000. Finally, Dorsey & Whitney Trust CO LLC raised its position in JPMorgan BetaBuilders Europe ETF by 17.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 105,346 shares of the company’s stock valued at $5,962,000 after purchasing an additional 15,286 shares during the period.

JPMorgan BetaBuilders Europe ETF Stock Down 1.4 %

BATS:BBEU traded down $0.84 during mid-day trading on Tuesday, hitting $57.98. The company had a trading volume of 215,209 shares. The business has a 50-day simple moving average of $58.43 and a two-hundred day simple moving average of $55.63. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 15.20 and a beta of 0.84.

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.