JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Hits New 12-Month High – Here’s Why

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.50 and last traded at $78.48, with a volume of 5984 shares. The stock had previously closed at $75.86.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Up 3.7%

The stock’s 50-day moving average is $71.23 and its 200-day moving average is $68.33. The firm has a market cap of $1.39 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 have recently made changes to their positions in the business. Royal Bank of Canada acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter valued at $166,000. Cetera Investment Advisers acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter valued at $205,000. Titleist Asset Management LLC acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 4th quarter valued at $286,000. Bank of America Corp DE acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at $303,000. Finally, Hsbc Holdings PLC raised its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% in the 4th quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock valued at $1,649,000 after buying an additional 6,140 shares in the last quarter.

JPMorgan BetaBuilders Emerging Markets Equity ETF Company Profile

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.