JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 12-Month High – Should You Buy?

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

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The company has a market cap of $1.44 billion, a PE ratio of 14.49 and a beta of 0.59. The stock’s 50-day moving average is $75.48 and its 200 day moving average is $70.00.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BBEM. Bank of America Corp DE purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter worth $303,000. Citadel Advisors LLC purchased a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter valued at about $2,310,000. Susquehanna International Group LLP raised its stake in 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 valued at $11,345,000 after buying an additional 87,123 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 418,920 shares in the last quarter. Finally, Titleist Asset Management LLC acquired a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the fourth quarter worth about $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.