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

Northwestern Mutual Wealth Management Co. has made a notable increase in its investment in the JPMorgan BetaBuilders International Equity ETF (BATS:BBIN), as detailed in its latest 13F filing with the Securities and Exchange Commission (SEC). In the second quarter of this year, the firm expanded its holdings by an impressive 7,400.0%, which translates to adding 740 shares to its existing investment. Following these transactions, Northwestern Mutual now holds a total of 750 shares in the ETF, with a value of approximately $44,000, according to the most recent data.

This increase in holdings is part of a broader trend observed among other hedge funds and institutional investors who have also adjusted their stakes in the JPMorgan BetaBuilders International Equity ETF. For example, during the second quarter, Prism Advisors Inc. made a significant entry by buying a new stake in the ETF valued at around $15,869,000. Meanwhile, Raymond James Financial Services Advisors Inc. raised its position by an astounding 2,792.1%, acquiring an additional 253,047 shares and bringing its total to 262,110 shares, valued at $15,485,000.

Moreover, Perigon Wealth Management LLC increased its holdings by 1,139.3% in the first quarter, resulting in ownership of 205,411 shares worth $12,352,000 after acquiring 188,836 additional shares. Strategic Financial Concepts LLC also experienced a boost in its investment, raising its stake by 2,600.5% in the second quarter, leading to 186,552 shares valued at $110,000 after purchasing an additional 179,644 shares. Finally, Aptus Capital Advisors LLC increased its investment in the ETF by 217.5% in the same quarter, owning 158,591 shares worth about $9,370,000 after buying 108,636 additional shares.

Performance of JPMorgan BetaBuilders International Equity ETF

As of the most recent trading session, the JPMorgan BetaBuilders International Equity ETF (BBIN) opened at $61.91. The ETF boasts a market capitalization of $4.23 billion and has a price-to-earnings (PE) ratio of 14.76. In terms of stock performance metrics, its fifty-day moving average is approximately $61.28, while its 200-day moving average stands at about $60.41.

Overview of JPMorgan BetaBuilders International Equity ETF

The JPMorgan BetaBuilders International Equity ETF (BBIN) is classified as an exchange-traded fund that primarily focuses on large- and mid-cap equities from developed countries outside of North America. It tracks a broad index and is weighted by market capitalization. This ETF was introduced on December 5, 2019, and is actively managed by JPMorgan Chase, providing investors exposure to a diverse range of international equities.

In conclusion, Northwestern Mutual Wealth Management Co.'s substantial investment in the JPMorgan BetaBuilders International Equity ETF is indicative of a larger trend among institutional investors adjusting their portfolios to include international equity exposure. As the market continues to evolve, the performance and strategic adjustments of such ETFs will remain crucial for investors seeking diversification.

investment, ETF, growth