JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sets New 1-Year High – Still a Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM)’s share price reached a new 52-week high on Monday . The company traded as high as $74.53 and last traded at $74.53, with a volume of 202 shares traded. The stock had previously closed at $73.69.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Up 0.7%

The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. The stock has a 50-day moving average price of $69.24 and a two-hundred day moving average price of $67.18.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

A number of institutional investors have recently made changes to their positions in BBEM. Hsbc Holdings PLC raised its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% in the 1st quarter. Hsbc Holdings PLC now owns 30,740 shares of the company’s stock worth $2,021,000 after acquiring an additional 4,829 shares during the last quarter. Titleist Asset Management LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 4th quarter worth $286,000. JPMorgan Chase & Co. raised its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% in the 4th 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 during the last quarter. Susquehanna International Group LLP raised its stake in 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 last quarter. Finally, Citadel Advisors LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter worth $2,310,000.

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.