JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Hits New 52-Week High – Still a Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) hit a new 52-week high on Friday . The company traded as high as $71.87 and last traded at $71.8340, with a volume of 2685 shares traded. The stock had previously closed at $70.49.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Up 2.2%

The stock has a market cap of $1.27 billion, a P/E ratio of 14.49 and a beta of 0.59. The firm has a 50 day simple moving average of $67.12 and a 200-day simple moving average of $64.64.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Tuesday, December 23rd were paid a $0.9431 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Tuesday, December 23rd.

Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of BBEM. Hsbc Holdings PLC lifted its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% during the 2nd quarter. Hsbc Holdings PLC now owns 12,200 shares of the company’s stock worth $710,000 after buying an additional 5,250 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 2nd quarter valued at about $11,518,000. Bank of America Corp DE bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at about $303,000. Citadel Advisors LLC bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at about $2,310,000. Finally, Susquehanna International Group LLP lifted its position in JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% during the third quarter. Susquehanna International Group LLP now owns 179,204 shares of the company’s stock worth $11,345,000 after acquiring an additional 87,123 shares during the last quarter.

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.