JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Hits New 12-Month High – Still a Buy?

JPMorgan BetaBuilders Canada ETF (BATS:BBCA)’s stock price 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 Down 0.1%

The firm has a 50-day simple moving average of $101.21 and a 200 day simple moving average of $98.57. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 19.87 and a beta of 0.95.

Hedge Funds Weigh In On JPMorgan BetaBuilders Canada ETF

A number of institutional investors have recently modified their holdings of BBCA. Cerity Partners LLC boosted its stake in JPMorgan BetaBuilders Canada ETF by 47.3% during the 2nd quarter. Cerity Partners LLC now owns 7,948 shares of the company’s stock worth $641,000 after purchasing an additional 2,554 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of JPMorgan BetaBuilders Canada ETF in the second quarter valued at about $166,000. Quantinno Capital Management LP boosted its stake in shares of JPMorgan BetaBuilders Canada ETF by 183.6% during the second quarter. Quantinno Capital Management LP now owns 24,613 shares of the company’s stock worth $1,986,000 after buying an additional 15,935 shares during the period. Jane Street Group LLC acquired a new stake in shares of JPMorgan BetaBuilders Canada ETF during the second quarter worth about $785,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of JPMorgan BetaBuilders Canada ETF by 8.3% during the second quarter. Ameriprise Financial Inc. now owns 184,617 shares of the company’s stock worth $14,899,000 after buying an additional 14,167 shares during the last quarter.

JPMorgan BetaBuilders Canada ETF Company Profile

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.