JPMorgan ActiveBuilders Emerging Markets Equity ETF (BATS:JEMA) Reaches New 52-Week High – Here’s What Happened

JPMorgan ActiveBuilders Emerging Markets Equity ETF (BATS:JEMA) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $56.01 and last traded at $55.9820, with a volume of 7858 shares. The stock had previously closed at $55.35.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Stock Up 0.9%

The stock has a 50 day simple moving average of $51.59 and a 200 day simple moving average of $48.95. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 15.19 and a beta of 0.66.

Hedge Funds Weigh In On JPMorgan ActiveBuilders Emerging Markets Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in JPMorgan ActiveBuilders Emerging Markets Equity ETF by 381.5% during the fourth quarter. Morgan Stanley now owns 3,394,392 shares of the company’s stock worth $166,325,000 after buying an additional 2,689,394 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in JPMorgan ActiveBuilders Emerging Markets Equity ETF by 115.1% during the second quarter. Vestmark Advisory Solutions Inc. now owns 1,211,208 shares of the company’s stock worth $52,143,000 after buying an additional 648,175 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in JPMorgan ActiveBuilders Emerging Markets Equity ETF by 17.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 766,434 shares of the company’s stock worth $37,555,000 after buying an additional 114,422 shares during the last quarter. Pallas Capital Advisors LLC boosted its stake in JPMorgan ActiveBuilders Emerging Markets Equity ETF by 5.4% in the fourth quarter. Pallas Capital Advisors LLC now owns 430,251 shares of the company’s stock valued at $21,082,000 after acquiring an additional 22,227 shares during the last quarter. Finally, Kelly Financial Group LLC grew its position in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 1.9% during the 4th quarter. Kelly Financial Group LLC now owns 421,311 shares of the company’s stock valued at $20,644,000 after acquiring an additional 8,052 shares during the period.

About JPMorgan ActiveBuilders Emerging Markets Equity ETF

The JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund is an actively-managed fund utilizing emerging market equity strategies across countries, regions, styles, and market capitalizations. JEMA was launched on Mar 10, 2021 and is managed by JPMorgan Chase.