JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Hits New 1-Year High – Should You Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) reached a new 52-week high during trading on Monday . The stock traded as high as $66.4916 and last traded at $63.6950, with a volume of 225 shares changing hands. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The firm has a 50-day simple moving average of $64.70 and a 200 day simple moving average of $61.97. The company has a market capitalization of $1.12 billion, a PE ratio of 14.49 and a beta of 0.59.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Tuesday, December 23rd were issued a $0.9431 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $3.77 annualized dividend and a dividend yield of 5.9%.

Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBEM. Flow Traders U.S. LLC bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 2nd quarter valued at about $11,518,000. Susquehanna International Group LLP lifted its stake 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 worth $11,345,000 after acquiring an additional 87,123 shares during the period. Citadel Advisors LLC bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter valued at approximately $2,310,000. Hsbc Holdings PLC increased its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% during the second quarter. Hsbc Holdings PLC now owns 12,200 shares of the company’s stock valued at $710,000 after acquiring an additional 5,250 shares during the period. Finally, Bank of America Corp DE bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth approximately $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.