JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 1-Year High – What’s Next?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM)’s stock price reached a new 52-week high on Friday . The stock traded as high as $71.87 and last traded at $71.8340, with a volume of 2685 shares trading hands. The stock had previously closed at $70.49.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. The company has a 50-day moving average of $66.98 and a 200-day moving average of $64.51.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were given 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 5.2%.

Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

A number of large investors have recently added to or reduced their stakes in the company. Titleist Asset Management LLC acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the fourth quarter worth about $286,000. Bank of America Corp DE bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at approximately $303,000. Hsbc Holdings PLC lifted its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% in the 2nd quarter. Hsbc Holdings PLC now owns 12,200 shares of the company’s stock valued at $710,000 after acquiring an additional 5,250 shares in the last quarter. Citadel Advisors LLC acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter worth approximately $2,310,000. Finally, Susquehanna International Group LLP grew its stake 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 in 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.