JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sets New 12-Month High – What’s Next?

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) reached a new 52-week high during trading on Friday . The company traded as high as $73.89 and last traded at $73.89, with a volume of 507 shares traded. The stock had previously closed at $72.39.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The stock’s 50-day simple moving average is $68.69 and its 200 day simple moving average is $66.48. The stock has a market capitalization of $1.30 billion, a P/E ratio of 14.49 and a beta of 0.59.

Hedge Funds 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. Titleist Asset Management LLC bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the fourth quarter worth $286,000. Bank of America Corp DE bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth $303,000. Hsbc Holdings PLC boosted its position in JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% during the fourth quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock worth $1,649,000 after purchasing an additional 6,140 shares during the period. Citadel Advisors LLC bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth $2,310,000. Finally, Susquehanna International Group LLP boosted its position in JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% during the third quarter. Susquehanna International Group LLP now owns 179,204 shares of the company’s stock worth $11,345,000 after purchasing an additional 87,123 shares during the period.

About JPMorgan BetaBuilders Emerging Markets Equity ETF

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.