JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sets New 52-Week High – Here’s What Happened

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $66.4916 and last traded at $68.6850, with a volume of 225 shares. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Up 3.7%

The company has a market cap of $1.21 billion, a P/E ratio of 14.49 and a beta of 0.59. The stock’s 50-day moving average price is $65.02 and its 200-day moving average price is $63.18.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.9431 per share. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter valued at about $303,000. Hsbc Holdings PLC boosted its position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% during the second quarter. Hsbc Holdings PLC now owns 12,200 shares of the company’s stock valued at $710,000 after buying an additional 5,250 shares during the last quarter. Citadel Advisors LLC bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth $2,310,000. Susquehanna International Group LLP raised its position 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 buying an additional 87,123 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 2nd quarter worth $11,518,000.

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.