JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 52-Week High – Time to Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $66.4916 and last traded at $65.5790, with a volume of 225 shares. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Down 1.1%

The business’s 50 day simple moving average is $63.70 and its 200 day simple moving average is $59.69. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59.

Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

A number of hedge funds have recently added to or reduced their stakes in BBEM. JPMorgan Chase & Co. grew its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 45.5% during the first quarter. JPMorgan Chase & Co. now owns 16,836,910 shares of the company’s stock worth $886,632,000 after buying an additional 5,266,618 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the second quarter valued at about $11,518,000. Finally, Hsbc Holdings PLC bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter valued at about $366,000.

JPMorgan BetaBuilders Emerging Markets Equity ETF Company Profile

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.