Northwestern Mutual Wealth Management Co. Increases Stake in JPMorgan BetaBuilders International Equity ETF

Northwestern Mutual Wealth Management Co. has significantly boosted its investment in JPMorgan BetaBuilders International Equity ETF (BATS:BBIN) during the second quarter of the year. According to the company's latest 13F filing with the Securities and Exchange Commission (SEC), Northwestern Mutual increased its holdings by an astonishing 7,400.0%. This surge resulted in the firm owning a total of 750 shares of the ETF after purchasing an additional 740 shares in the quarter.

As of this latest filing, the value of Northwestern Mutual's investment in the JPMorgan BetaBuilders International Equity ETF is approximately $44,000. This impressive growth illustrates the firm's increasing confidence in this investment vehicle.

In addition to Northwestern Mutual, several other hedge funds and institutional investors have also adjusted their positions in the JPMorgan BetaBuilders International Equity ETF. Notably, Prism Advisors Inc. made a substantial move by purchasing a new stake in the ETF valued at around $15,869,000 during the second quarter. Meanwhile, Raymond James Financial Services Advisors Inc. raised its investment substantially, reporting an increase of 2,792.1%. They now hold 262,110 shares of the ETF, worth approximately $15,485,000 after acquiring an additional 253,047 shares during the same period.

Perigon Wealth Management LLC also made significant changes in their holdings, lifting its stake in the ETF by 1,139.3%. They now own 205,411 shares valued at roughly $12,352,000 after purchasing an additional 188,836 shares in the previous quarter. Similarly, Strategic Financial Concepts LLC boosted its investment by an impressive 2,600.5%, acquiring 186,552 shares worth $110,000 after buying an extra 179,644 shares.

Aptus Capital Advisors LLC has increased its stake by 217.5% in the ETF, holding now 158,591 shares worth about $9,370,000 thanks to an acquisition of 108,636 additional shares recently.

Stock Performance of JPMorgan BetaBuilders International Equity ETF

As of the last market session on Friday, JPMorgan BetaBuilders International Equity ETF (BBIN) opened at $61.91. The ETF boasts a market capitalization of $4.23 billion, with a price-to-earnings ratio of 14.76 and a beta value of 0.83. Investors looking at performance can consider its fifty-day moving average price of $61.28 and its two-hundred-day moving average price of $60.41.

Overview of JPMorgan BetaBuilders International Equity ETF

The JPMorgan BetaBuilders International Equity ETF (BBIN) is designed for investors primarily interested in total market equity investments. This exchange-traded fund tracks a market index composed of large- and mid-cap equities from developed countries outside of North America. The ETF was launched on December 5, 2019, and is managed by the investment firm JPMorgan Chase.

investment, ETF, stocks