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

Shares of JPMorgan BetaBuilders Canada ETF (BATS:BBCA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $105.42 and last traded at $105.18, with a volume of 23651 shares traded. The stock had previously closed at $103.50.

JPMorgan BetaBuilders Canada ETF Stock Performance

The firm has a market cap of $10.89 billion, a P/E ratio of 19.87 and a beta of 0.95. The company’s 50 day moving average is $101.03 and its 200 day moving average is $98.43.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Alaska Permanent Capital Management LLC boosted its holdings in shares of JPMorgan BetaBuilders Canada ETF by 0.6% during the 1st quarter. Alaska Permanent Capital Management LLC now owns 18,396 shares of the company’s stock valued at $1,730,000 after acquiring an additional 112 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in JPMorgan BetaBuilders Canada ETF by 2.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,146 shares of the company’s stock worth $479,000 after purchasing an additional 113 shares in the last quarter. Simon Quick Advisors LLC raised its position in JPMorgan BetaBuilders Canada ETF by 5.1% in the first quarter. Simon Quick Advisors LLC now owns 2,474 shares of the company’s stock valued at $233,000 after purchasing an additional 119 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in JPMorgan BetaBuilders Canada ETF by 24.2% in the third quarter. CIBC Private Wealth Group LLC now owns 811 shares of the company’s stock valued at $71,000 after purchasing an additional 158 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of JPMorgan BetaBuilders Canada ETF by 3.2% during the third quarter. Brown Brothers Harriman & Co. now owns 5,872 shares of the company’s stock valued at $512,000 after purchasing an additional 184 shares in the last quarter.

About JPMorgan BetaBuilders Canada ETF

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.