JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Sets New 1-Year High – Here’s Why

JPMorgan BetaBuilders Canada ETF (BATS:BBCA) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $100.03 and last traded at $100.01, with a volume of 225952 shares trading hands. The stock had previously closed at $99.62.

JPMorgan BetaBuilders Canada ETF Trading Up 0.7%

The stock has a market capitalization of $10.22 billion, a PE ratio of 19.87 and a beta of 0.95. The stock has a 50 day moving average price of $95.70 and a 200-day moving average price of $90.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in shares of JPMorgan BetaBuilders Canada ETF by 0.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 466,781 shares of the company’s stock valued at $40,717,000 after acquiring an additional 1,442 shares during the period. HighTower Advisors LLC increased its holdings in shares of JPMorgan BetaBuilders Canada ETF by 7.9% in the third quarter. HighTower Advisors LLC now owns 420,531 shares of the company’s stock worth $36,683,000 after purchasing an additional 30,827 shares during the last quarter. RiverFront Investment Group LLC increased its stake in JPMorgan BetaBuilders Canada ETF by 4.0% in the 4th quarter. RiverFront Investment Group LLC now owns 414,610 shares of the company’s stock worth $38,559,000 after acquiring an additional 16,025 shares during the last quarter. Strategic Investment Management LLC raised its stake in JPMorgan BetaBuilders Canada ETF by 58.5% during the fourth quarter. Strategic Investment Management LLC now owns 356,550 shares of the company’s stock valued at $33,159,000 after purchasing an additional 131,610 shares in the last quarter. Finally, Elm Partners Management LLC raised its position in shares of JPMorgan BetaBuilders Canada ETF by 7.0% during the 4th quarter. Elm Partners Management LLC now owns 295,147 shares of the company’s stock valued at $27,449,000 after buying an additional 19,267 shares in the last quarter.

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.