JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sets New 12-Month High – Time to Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEMGet Free Report)’s stock price reached a new 52-week high on Thursday . The company traded as high as $81.95 and last traded at $81.86, with a volume of 102314 shares trading hands. The stock had previously closed at $79.36.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The firm’s fifty day moving average price is $76.03 and its 200-day moving average price is $70.21. The stock has a market cap of $1.44 billion, a P/E ratio of 14.49 and a beta of 0.59.

Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% during the fourth quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock valued at $712,734,000 after purchasing an additional 418,920 shares in the last quarter. Bank of Nova Scotia purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter worth approximately $5,837,000. Susquehanna International Group LLP grew its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% in the 3rd quarter. Susquehanna International Group LLP now owns 179,204 shares of the company’s stock worth $11,345,000 after buying an additional 87,123 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter worth approximately $2,310,000. Finally, Hsbc Holdings PLC increased its position in JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% during the 4th quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock valued at $1,649,000 after buying an additional 6,140 shares in the last quarter.

About JPMorgan BetaBuilders Emerging Markets Equity ETF

(Get Free Report)

The JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-capitalization companies in emerging markets. BBEM was launched on May 10, 2023 and is managed by JPMorgan Chase.

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