JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Reaches New 1-Year High – Still a Buy?

JPMorgan BetaBuilders Canada ETF (BATS:BBCA)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $102.33 and last traded at $101.96, with a volume of 25675 shares changing hands. The stock had previously closed at $101.25.

JPMorgan BetaBuilders Canada ETF Stock Performance

The stock has a market cap of $10.57 billion, a P/E ratio of 19.87 and a beta of 0.95. The stock’s fifty day moving average is $99.58 and its 200 day moving average is $96.35.

Institutional Investors Weigh In On JPMorgan BetaBuilders Canada ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alaska Permanent Capital Management LLC raised its stake in shares of JPMorgan BetaBuilders Canada ETF by 0.6% in the first quarter. Alaska Permanent Capital Management LLC now owns 18,396 shares of the company’s stock valued at $1,730,000 after acquiring an additional 112 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of JPMorgan BetaBuilders Canada ETF by 2.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,146 shares of the company’s stock valued at $479,000 after acquiring an additional 113 shares during the period. Simon Quick Advisors LLC raised its stake in shares of JPMorgan BetaBuilders Canada ETF by 5.1% in the first quarter. Simon Quick Advisors LLC now owns 2,474 shares of the company’s stock valued at $233,000 after acquiring an additional 119 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of JPMorgan BetaBuilders Canada ETF by 24.2% in the third quarter. CIBC Private Wealth Group LLC now owns 811 shares of the company’s stock valued at $71,000 after acquiring an additional 158 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of JPMorgan BetaBuilders Canada ETF by 3.8% in the third quarter. PNC Financial Services Group Inc. now owns 4,513 shares of the company’s stock valued at $394,000 after acquiring an additional 166 shares during the period.

About JPMorgan BetaBuilders Canada ETF

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.