JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Sets New 52-Week High – Time to Buy?

JPMorgan BetaBuilders Canada ETF (BATS:BBCA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $102.96 and last traded at $102.88, with a volume of 26155 shares traded. The stock had previously closed at $102.53.

JPMorgan BetaBuilders Canada ETF Price Performance

The stock has a fifty day moving average price of $100.71 and a two-hundred day moving average price of $98.06. The company has a market cap of $10.68 billion, a P/E ratio of 19.87 and a beta of 0.95.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. RiverFront Investment Group LLC increased its holdings 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 purchasing an additional 16,025 shares during the period. Strategic Investment Management LLC increased its stake in JPMorgan BetaBuilders Canada ETF by 58.5% during the 4th quarter. Strategic Investment Management LLC now owns 356,550 shares of the company’s stock valued at $33,159,000 after buying an additional 131,610 shares during the period. Elm Partners Management LLC raised its position in shares of JPMorgan BetaBuilders Canada ETF by 7.0% during the 4th quarter. Elm Partners Management LLC now owns 295,147 shares of the company’s stock worth $27,449,000 after buying an additional 19,267 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of JPMorgan BetaBuilders Canada ETF by 8.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 184,617 shares of the company’s stock worth $14,899,000 after acquiring an additional 14,167 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of JPMorgan BetaBuilders Canada ETF by 5.1% in the 4th quarter. LPL Financial LLC now owns 166,671 shares of the company’s stock worth $15,500,000 after acquiring an additional 8,143 shares during the period.

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.