JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 12-Month High – Should You Buy?

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

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The business has a 50-day simple moving average of $66.98 and a two-hundred day simple moving average of $64.51. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Tuesday, December 23rd were issued a dividend of $0.9431 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.2%.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Several hedge funds have recently added to or reduced their stakes in the business. Titleist Asset Management LLC acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the fourth quarter valued at $286,000. Bank of America Corp DE acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter worth about $303,000. Hsbc Holdings PLC boosted its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% during the 2nd quarter. Hsbc Holdings PLC now owns 12,200 shares of the company’s stock worth $710,000 after buying an additional 5,250 shares during the period. Citadel Advisors LLC acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at about $2,310,000. Finally, Susquehanna International Group LLP raised its holdings 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 valued at $11,345,000 after acquiring an additional 87,123 shares during the period.

JPMorgan BetaBuilders Emerging Markets Equity ETF Company Profile

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.