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

JPMorgan BetaBuilders Canada ETF (BATS:BBCA) hit a new 52-week high on Wednesday . The company traded as high as $102.94 and last traded at $102.88, with a volume of 6828 shares trading hands. The stock had previously closed at $101.87.

JPMorgan BetaBuilders Canada ETF Price Performance

The firm’s fifty day moving average is $100.57 and its two-hundred day moving average is $97.94. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 19.87 and a beta of 0.95.

Institutional Trading of JPMorgan BetaBuilders Canada ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. RiverFront Investment Group LLC increased its stake in shares of JPMorgan BetaBuilders Canada ETF by 4.0% during the fourth quarter. RiverFront Investment Group LLC now owns 414,610 shares of the company’s stock valued at $38,559,000 after acquiring an additional 16,025 shares during the period. Strategic Investment Management LLC raised its holdings in JPMorgan BetaBuilders Canada ETF by 58.5% during the fourth quarter. Strategic Investment Management LLC now owns 356,550 shares of the company’s stock worth $33,159,000 after purchasing an additional 131,610 shares in the last quarter. Elm Partners Management LLC lifted its position in JPMorgan BetaBuilders Canada ETF by 7.0% in the fourth quarter. Elm Partners Management LLC now owns 295,147 shares of the company’s stock worth $27,449,000 after purchasing an additional 19,267 shares during the period. Ameriprise Financial Inc. lifted its position in JPMorgan BetaBuilders Canada ETF by 8.3% in the second quarter. Ameriprise Financial Inc. now owns 184,617 shares of the company’s stock worth $14,899,000 after purchasing an additional 14,167 shares during the period. Finally, LPL Financial LLC lifted its position in JPMorgan BetaBuilders Canada ETF by 5.1% in the fourth quarter. LPL Financial LLC now owns 166,671 shares of the company’s stock worth $15,500,000 after purchasing an additional 8,143 shares during the period.

JPMorgan BetaBuilders Canada ETF Company Profile

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.