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

JPMorgan BetaBuilders Canada ETF (BATS:BBCA)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $105.42 and last traded at $105.18, with a volume of 23651 shares. The stock had previously closed at $103.50.

JPMorgan BetaBuilders Canada ETF Trading Up 1.7%

The company has a 50 day moving average of $101.03 and a 200-day moving average of $98.43. The firm has a market capitalization of $10.89 billion, a P/E ratio of 19.87 and a beta of 0.95.

Institutional Investors Weigh In On JPMorgan BetaBuilders Canada ETF

Institutional investors have recently modified their holdings of the business. Arlington Trust Co LLC increased its position in JPMorgan BetaBuilders Canada ETF by 209.5% during the second quarter. Arlington Trust Co LLC now owns 2,473 shares of the company’s stock worth $246,000 after acquiring an additional 1,674 shares during the period. Royal Bank of Canada grew its position in shares of JPMorgan BetaBuilders Canada ETF by 0.3% during the 1st quarter. Royal Bank of Canada now owns 103,697 shares of the company’s stock worth $9,753,000 after purchasing an additional 361 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of JPMorgan BetaBuilders Canada ETF by 12.1% during the first quarter. Quantinno Capital Management LP now owns 23,551 shares of the company’s stock worth $2,215,000 after purchasing an additional 2,543 shares during the period. Waverly Advisors LLC raised its position in shares of JPMorgan BetaBuilders Canada ETF by 149.1% in the first quarter. Waverly Advisors LLC now owns 4,336 shares of the company’s stock valued at $408,000 after buying an additional 2,595 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of JPMorgan BetaBuilders Canada ETF in the first quarter valued at approximately $602,000.

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.