JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Hits New 52-Week High – Time to Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) hit a new 52-week high during trading on Monday . The company traded as high as $66.4916 and last traded at $64.8430, with a volume of 225 shares trading hands. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The firm has a 50 day moving average price of $64.36 and a two-hundred day moving average price of $60.30. The company has a market cap of $1.13 billion, a P/E ratio of 14.49 and a beta of 0.59.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Large investors have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter valued at approximately $303,000. Hsbc Holdings PLC bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the first quarter valued at $366,000. Citadel Advisors LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter valued at $2,310,000. Susquehanna International Group LLP raised its holdings in 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 purchasing an additional 87,123 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 2nd quarter worth about $11,518,000.

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.