JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 52-Week High – Still a Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $78.34 and last traded at $78.34, with a volume of 826 shares. The stock had previously closed at $76.62.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The business’s 50-day moving average price is $69.52 and its 200 day moving average price is $67.44. The stock has a market capitalization of $1.38 billion, a PE ratio of 14.49 and a beta of 0.59.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC raised its position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% during the 1st quarter. Hsbc Holdings PLC now owns 30,740 shares of the company’s stock valued at $2,021,000 after buying an additional 4,829 shares in the last quarter. Titleist Asset Management LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 4th quarter valued at $286,000. JPMorgan Chase & Co. raised its position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% during the 4th quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock valued at $712,734,000 after buying an additional 418,920 shares in the last quarter. Susquehanna International Group LLP raised its position 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 valued at $11,345,000 after buying an additional 87,123 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter valued at $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.