JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Stock Price Down 0.7% – What’s Next?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) fell 0.7% during mid-day trading on Tuesday. The company traded as low as $78.00 and last traded at $78.00. Approximately 9,390 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 38,515 shares. The stock had previously closed at $78.53.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Down 2.4%

The firm has a 50 day moving average price of $76.83 and a 200 day moving average price of $75.29. The stock has a market cap of $1.33 billion, a PE ratio of 14.49 and a beta of 0.59.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Several institutional investors have recently bought and sold shares of BBEM. JPMorgan Chase & Co. boosted its holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock worth $712,734,000 after acquiring an additional 418,920 shares in the last quarter. Bank of Nova Scotia purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter worth $5,837,000. Citadel Advisors LLC acquired a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 2nd quarter worth about $2,127,000. Hsbc Holdings PLC increased its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% in the fourth quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock valued at $1,649,000 after purchasing an additional 6,140 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter worth about $205,000.

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.