JPMorgan ActiveBuilders Emerging Markets Equity ETF (BATS:JEMA) Hits New 1-Year High – Still a Buy?

JPMorgan ActiveBuilders Emerging Markets Equity ETF (BATS:JEMA) hit a new 52-week high on Tuesday . The stock traded as high as $57.23 and last traded at $57.1240, with a volume of 8248 shares. The stock had previously closed at $56.11.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Stock Performance

The business has a 50-day simple moving average of $52.47 and a 200-day simple moving average of $49.44. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 15.19 and a beta of 0.66.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 381.5% in the 4th quarter. Morgan Stanley now owns 3,394,392 shares of the company’s stock valued at $166,325,000 after purchasing an additional 2,689,394 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 115.1% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,211,208 shares of the company’s stock worth $52,143,000 after purchasing an additional 648,175 shares during the last quarter. Jane Street Group LLC grew its stake in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 199.5% during the second quarter. Jane Street Group LLC now owns 420,584 shares of the company’s stock worth $18,106,000 after purchasing an additional 280,161 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in JPMorgan ActiveBuilders Emerging Markets Equity ETF in the second quarter valued at $6,539,000. Finally, Janney Montgomery Scott LLC increased its holdings in JPMorgan ActiveBuilders Emerging Markets Equity ETF by 17.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 766,434 shares of the company’s stock valued at $37,555,000 after buying an additional 114,422 shares during the last quarter.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Company Profile

The JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund is an actively-managed fund utilizing emerging market equity strategies across countries, regions, styles, and market capitalizations. JEMA was launched on Mar 10, 2021 and is managed by JPMorgan Chase.