JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sets New 1-Year High Following Dividend Announcement

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) hit a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $66.4916 and last traded at $64.1050, with a volume of 225 shares trading hands. The stock had previously closed at $66.1570.

The newly announced dividend which will be paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd will be issued a $0.9431 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.9%.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The stock’s fifty day simple moving average is $64.74 and its 200-day simple moving average is $61.84. The firm has a market cap of $1.12 billion, a PE ratio of 14.49 and a beta of 0.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at approximately $366,000. Flow Traders U.S. LLC acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 2nd quarter worth approximately $11,518,000. Susquehanna International Group LLP increased its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% during 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 acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at $2,310,000. Finally, Bank of America Corp DE acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at $303,000.

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.