JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Shares Up 0.7% – Time to Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM)’s stock price shot up 0.7% during trading on Thursday . The stock traded as high as $77.42 and last traded at $77.11. Approximately 1,418 shares traded hands during trading, a decline of 97% from the average daily volume of 43,507 shares. The stock had previously closed at $76.61.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Up 0.3%

The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59. The stock’s 50 day moving average price is $77.58 and its 200 day moving average price is $71.58.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased 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 worth $712,734,000 after purchasing an additional 418,920 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 1st quarter valued at approximately $5,837,000. Susquehanna International Group LLP grew its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% in the third 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. Citadel Advisors LLC bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter valued at $2,310,000. Finally, Hsbc Holdings PLC increased its holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% during the fourth quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock worth $1,649,000 after buying an additional 6,140 shares during 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.