Cwm LLC Reduces Holdings in JPMorgan BetaBuilders Japan ETF

Cwm LLC has recently reported a decrease in its investment in the JPMorgan BetaBuilders Japan ETF (BATS:BBJP – Free Report). During the third quarter, the firm lowered its stake by 9.3%, according to the latest disclosure made to the Securities & Exchange Commission. After selling off 7,538 shares in this period, Cwm LLC now holds 73,199 shares of the ETF, which had an estimated value of approximately $4,339,000 at the close of the last quarter.

Other institutional investors have also made adjustments to their positions in the JPMorgan BetaBuilders Japan ETF. For instance, Syon Capital LLC acquired a new stake in the ETF valued at around $382,000 during the fourth quarter. Meanwhile, Leo Wealth LLC also entered the market, purchasing shares valued at $6,473,000. Additionally, Cooksen Wealth LLC bought shares worth $322,000 during the same timeframe. Furthermore, Mather Group LLC made a new investment in the ETF earlier this year, valued at about $28,000. CVA Family Office LLC, on the other hand, increased its holdings in the ETF by 53.9% in the first quarter, now owning 30,483 shares valued at $1,785,000 after adding 10,677 shares to its portfolio.

BBJP Stock Performance

As of Friday, shares of BBJP opened at $58.80. The ETF boasts a market capitalization of $11.95 billion and a price-to-earnings ratio of 13.74, with a beta of 0.77, indicating its relative volatility compared to the broader market. The stock's 50-day moving average stands at $57.86, while its 200-day moving average is $57.07.

About JPMorgan BetaBuilders Japan ETF

The JPMorgan BetaBuilders Japan ETF (BBJP) is an exchange-traded fund that largely invests in total market equity. It tracks a market cap-weighted index comprising Japanese large- and mid-cap stocks. The ETF was launched on June 15, 2018, and it is managed by JPMorgan Chase.

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Cwm, JPMorgan, ETF