JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Reaches New 1-Year High – Here’s Why

JPMorgan BetaBuilders Canada ETF (BATS:BBCAGet Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $102.96 and last traded at $102.88, with a volume of 26155 shares changing hands. The stock had previously closed at $102.53.

JPMorgan BetaBuilders Canada ETF Stock Up 0.5%

The stock has a fifty day moving average price of $100.84 and a two-hundred day moving average price of $98.19. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 19.87 and a beta of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Investment Management LLC raised its position in shares of JPMorgan BetaBuilders Canada ETF by 58.5% in the fourth quarter. Strategic Investment Management LLC now owns 356,550 shares of the company’s stock valued at $33,159,000 after buying an additional 131,610 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in JPMorgan BetaBuilders Canada ETF in the 4th quarter valued at $10,499,000. Rice Partnership LLC bought a new stake in shares of JPMorgan BetaBuilders Canada ETF during the 4th quarter valued at $6,875,000. Silphium Asset Management Ltd bought a new stake in shares of JPMorgan BetaBuilders Canada ETF during the 4th quarter valued at $3,990,000. Finally, Marex Group plc acquired a new stake in shares of JPMorgan BetaBuilders Canada ETF during the 4th quarter worth $3,990,000.

About JPMorgan BetaBuilders Canada ETF

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The JPMorgan BetaBuilders Canada ETF (BBCA) 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 Canadian equities. BBCA was launched on Aug 7, 2018 and is managed by JPMorgan Chase.

Further Reading

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