JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Hits New 52-Week High – Still a Buy?

JPMorgan BetaBuilders Canada ETF (BATS:BBCA)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $100.03 and last traded at $100.01, with a volume of 225952 shares. The stock had previously closed at $99.62.

JPMorgan BetaBuilders Canada ETF Stock Up 0.4%

The stock has a market cap of $10.35 billion, a P/E ratio of 19.87 and a beta of 0.95. The stock has a fifty day simple moving average of $95.52 and a 200-day simple moving average of $90.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new position in shares of JPMorgan BetaBuilders Canada ETF during the second quarter worth $2,850,000. TD Waterhouse Canada Inc. increased its position in shares of JPMorgan BetaBuilders Canada ETF by 34.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,060 shares of the company’s stock valued at $408,000 after buying an additional 1,291 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in JPMorgan BetaBuilders Canada ETF during the 2nd quarter worth $210,000. Laffer Tengler Investments Inc. bought a new position in JPMorgan BetaBuilders Canada ETF during the second quarter worth about $244,000. Finally, Elm Partners Management LLC lifted its holdings in JPMorgan BetaBuilders Canada ETF by 5.3% during the third quarter. Elm Partners Management LLC now owns 275,880 shares of the company’s stock worth $24,065,000 after acquiring an additional 13,884 shares in the last quarter.

About JPMorgan BetaBuilders Canada ETF

The JPMorgan BetaBuilders Canada ETF (BBCA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap Canadian equities. BBCA was launched on Aug 7, 2018 and is managed by JPMorgan Chase.