JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 1-Year High – Time to Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $66.4916 and last traded at $66.7940, with a volume of 225 shares changing hands. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The company has a 50 day moving average of $64.85 and a 200-day moving average of $62.91. The company has a market cap of $1.18 billion, a P/E ratio of 14.49 and a beta of 0.59.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.9431 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $3.77 annualized dividend and a dividend yield of 5.6%.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Several hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 2nd quarter worth approximately $11,518,000. Susquehanna International Group LLP lifted its holdings 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 acquiring an additional 87,123 shares during the last quarter. Citadel Advisors LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter worth $2,310,000. Bank of America Corp DE purchased a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter valued at about $303,000. Finally, Hsbc Holdings PLC lifted its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% during the second quarter. Hsbc Holdings PLC now owns 12,200 shares of the company’s stock worth $710,000 after purchasing an additional 5,250 shares during the last quarter.

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.