JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Hits New 12-Month High – Here’s Why

JPMorgan BetaBuilders Canada ETF (BATS:BBCA)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $107.86 and last traded at $107.80, with a volume of 86401 shares trading hands. The stock had previously closed at $107.11.

JPMorgan BetaBuilders Canada ETF Trading Up 0.6%

The stock has a market cap of $11.15 billion, a P/E ratio of 19.87 and a beta of 0.95. The company has a 50-day moving average price of $102.62 and a two-hundred day moving average price of $99.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BBCA. Atlas Capital Advisors Inc. bought a new stake in shares of JPMorgan BetaBuilders Canada ETF during the fourth quarter valued at approximately $10,499,000. Rice Partnership LLC bought a new position in JPMorgan BetaBuilders Canada ETF in the fourth quarter worth approximately $6,875,000. Blue Edge Capital LLC purchased a new position in JPMorgan BetaBuilders Canada ETF during the 2nd quarter worth $5,991,000. Marex Group plc bought a new stake in JPMorgan BetaBuilders Canada ETF during the 4th quarter valued at $3,990,000. Finally, Evansbrook LLC bought a new stake in JPMorgan BetaBuilders Canada ETF during the 4th quarter valued at $2,564,000.

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.