JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 1-Year High – Here’s What Happened

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) shares hit a new 52-week high on Thursday . The stock traded as high as $81.95 and last traded at $81.86, with a volume of 102314 shares traded. The stock had previously closed at $79.36.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The company has a market capitalization of $1.44 billion, a PE ratio of 14.49 and a beta of 0.59. The company’s fifty day moving average is $75.48 and its 200-day moving average is $70.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% during the 4th quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock worth $712,734,000 after purchasing an additional 418,920 shares during the last quarter. Susquehanna International Group LLP raised its holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% in the third 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. Bank of Nova Scotia purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at about $5,837,000. Citadel Advisors LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter valued at about $2,310,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of 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 buying an additional 4,829 shares in the last quarter.

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.