JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Hits New 12-Month High – Time to Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) shares reached a new 52-week high during trading on Monday . The company traded as high as $66.4916 and last traded at $68.0410, with a volume of 225 shares trading hands. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The stock’s fifty day moving average price is $65.57 and its 200 day moving average price is $63.56. The stock has a market capitalization of $1.20 billion, a P/E 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. Shareholders 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 dividend on an annualized basis and a yield of 5.5%.

Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the second quarter valued at approximately $11,518,000. Susquehanna International Group LLP increased its holdings in shares of 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. Citadel Advisors LLC purchased a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at $2,310,000. Hsbc Holdings PLC raised its position in shares of 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 worth $710,000 after acquiring an additional 5,250 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter worth $303,000.

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.