JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 1-Year High – Here’s What Happened

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) reached a new 52-week high on Monday . The company traded as high as $66.4916 and last traded at $69.51, with a volume of 225 shares traded. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Up 0.4%

The business has a 50-day moving average of $66.23 and a 200-day moving average of $64.01. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $3.77 annualized dividend and a dividend yield of 5.4%.

Hedge Funds Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBEM. Bank of America Corp DE bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter worth approximately $303,000. Hsbc Holdings PLC raised its holdings 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. Citadel Advisors LLC acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter valued at $2,310,000. Susquehanna International Group LLP boosted its holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% in the third quarter. Susquehanna International Group LLP now owns 179,204 shares of the company’s stock worth $11,345,000 after purchasing an additional 87,123 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the second quarter worth $11,518,000.

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.