Hsbc Holdings PLC Invests $570,000 in JPMorgan BetaBuilders Canada ETF $BBCA

Hsbc Holdings PLC purchased a new stake in JPMorgan BetaBuilders Canada ETF (BATS:BBCA) during the first quarter, HoldingsChannel reports. The institutional investor purchased 6,056 shares of the company’s stock, valued at approximately $570,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BBCA. Silphium Asset Management Ltd bought a new position in JPMorgan BetaBuilders Canada ETF in the 4th quarter valued at approximately $3,990,000. Willis Johnson & Associates Inc. grew its stake in shares of JPMorgan BetaBuilders Canada ETF by 3.7% during the fourth quarter. Willis Johnson & Associates Inc. now owns 148,675 shares of the company’s stock worth $13,827,000 after buying an additional 5,258 shares during the last quarter. Rice Partnership LLC bought a new stake in shares of JPMorgan BetaBuilders Canada ETF during the fourth quarter worth $6,875,000. Y Intercept Hong Kong Ltd bought a new stake in shares of JPMorgan BetaBuilders Canada ETF during the first quarter worth $662,000. Finally, Nolet Wealth Management LLC acquired a new position in shares of JPMorgan BetaBuilders Canada ETF during the fourth quarter worth $1,035,000.

JPMorgan BetaBuilders Canada ETF Stock Performance

Shares of BBCA opened at $102.41 on Friday. JPMorgan BetaBuilders Canada ETF has a 52 week low of $79.63 and a 52 week high of $103.74. The stock has a market capitalization of $10.59 billion, a price-to-earnings ratio of 19.87 and a beta of 0.95. The stock has a fifty day moving average of $100.93 and a 200-day moving average of $98.28.

JPMorgan BetaBuilders Canada ETF Company Profile

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.