JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sets New 1-Year High – Time to Buy?

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $73.30 and last traded at $73.23, with a volume of 4705 shares. The stock had previously closed at $72.45.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The firm has a market cap of $1.29 billion, a P/E ratio of 14.49 and a beta of 0.59. The firm has a 50 day simple moving average of $67.68 and a 200 day simple moving average of $64.91.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

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

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of BBEM. Hsbc Holdings PLC grew its position 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 valued at $710,000 after purchasing an additional 5,250 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the second quarter valued at $11,518,000. Bank of America Corp DE purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth about $303,000. Citadel Advisors LLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth about $2,310,000. Finally, Susquehanna International Group LLP increased its stake 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 worth $11,345,000 after acquiring an additional 87,123 shares during the last quarter.

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.