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

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $78.34 and last traded at $78.34, with a volume of 826 shares trading hands. The stock had previously closed at $76.62.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The business has a 50-day simple moving average of $69.80 and a 200-day simple moving average of $67.70. The firm has a market capitalization of $1.33 billion, a PE ratio of 14.49 and a beta of 0.59.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter worth about $303,000. Citadel Advisors LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter worth approximately $2,310,000. Susquehanna International Group LLP raised its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% in the third 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 period. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock worth $712,734,000 after buying an additional 418,920 shares during the period. Finally, Titleist Asset Management LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the fourth quarter worth approximately $286,000.

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.