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

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $66.4916 and last traded at $69.51, with a volume of 225 shares. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The company has a market cap of $1.23 billion, a PE ratio of 14.49 and a beta of 0.59. The stock’s 50-day simple moving average is $66.01 and its 200 day simple moving average is $63.87.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were issued a $0.9431 dividend. This represents a $3.77 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter valued at about $303,000. Hsbc Holdings PLC increased its holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% in the second 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 stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter valued at approximately $2,310,000. Susquehanna International Group LLP grew its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% in 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 period. Finally, Flow Traders U.S. LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 2nd quarter valued at 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.