JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Stock Jumps 1.4% – Should You Buy?

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM – Get Free Report) shot up 1.4% during mid-day trading on Wednesday. The stock traded as high as $72.98 and last traded at $72.94. Approximately 1,740 shares traded hands during trading, a decline of 95% from the average daily volume of 36,033 shares. The stock had previously closed at $71.96.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Down 2.5%

The business’s fifty day moving average is $75.84 and its 200 day moving average is $73.63. The company has a market cap of $1.23 billion, a P/E ratio of 14.49 and a beta of 0.59.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 2nd quarter valued at $2,127,000. Royal Bank of Canada purchased a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter worth about $166,000. Bank of Nova Scotia purchased a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter worth about $5,837,000. Cetera Investment Advisers bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter valued at about $205,000. Finally, 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 valued at $2,021,000 after acquiring an additional 4,829 shares during the period.

About JPMorgan BetaBuilders Emerging Markets Equity ETF

(Get Free Report)

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.

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