JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Hits New 52-Week High – Time to Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $66.4916 and last traded at $65.76, with a volume of 225 shares trading hands. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The firm has a market cap of $1.16 billion, a P/E ratio of 14.49 and a beta of 0.59. The firm has a fifty day moving average of $64.62 and a 200-day moving average of $62.21.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Tuesday, December 23rd were issued a $0.9431 dividend. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Several hedge funds have recently added to or reduced their stakes in BBEM. Bank of America Corp DE acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter valued at $303,000. Hsbc Holdings PLC grew its position in JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% in the 2nd quarter. Hsbc Holdings PLC now owns 12,200 shares of the company’s stock valued at $710,000 after buying an additional 5,250 shares in the last quarter. Citadel Advisors LLC acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter valued at about $2,310,000. Susquehanna International Group LLP raised its position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% during the 3rd quarter. Susquehanna International Group LLP now owns 179,204 shares of the company’s stock worth $11,345,000 after buying an additional 87,123 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 2nd quarter worth approximately $11,518,000.

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.