JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Hits New 12-Month High – Here’s Why

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEMGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.50 and last traded at $78.48, with a volume of 5984 shares changing hands. The stock had previously closed at $75.86.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The company has a market cap of $1.39 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. The business’s 50 day moving average price is $71.23 and its 200-day moving average price is $68.33.

Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter valued at $166,000. Cetera Investment Advisers acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter valued at $205,000. Titleist Asset Management LLC acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 4th quarter valued at $286,000. Bank of America Corp DE acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at $303,000. Finally, Hsbc Holdings PLC boosted its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% in the 4th quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock valued at $1,649,000 after purchasing an additional 6,140 shares in the last quarter.

JPMorgan BetaBuilders Emerging Markets Equity ETF Company Profile

(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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