JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 52-Week High – Still a Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) shares hit a new 52-week high on Monday . The stock traded as high as $78.34 and last traded at $78.34, with a volume of 826 shares trading hands. The stock had previously closed at $76.62.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The business’s 50 day moving average is $69.52 and its 200-day moving average is $67.44. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

A number of institutional investors have recently added to or reduced their stakes in BBEM. Susquehanna International Group LLP lifted 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 valued at $11,345,000 after purchasing an additional 87,123 shares in the last quarter. Citadel Advisors LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at $2,310,000. Bank of America Corp DE purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at $303,000. Titleist Asset Management LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 4th quarter valued at $286,000. Finally, Hsbc Holdings PLC lifted its holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF by 18.6% in the 1st quarter. Hsbc Holdings PLC now owns 30,740 shares of the company’s stock valued at $2,021,000 after purchasing an additional 4,829 shares in the last quarter.

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.