JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Reaches New 12-Month High – Time to Buy?

JPMorgan BetaBuilders Canada ETF (BATS:BBCA) reached a new 52-week high during trading on Thursday . The company traded as high as $100.94 and last traded at $100.73, with a volume of 93241 shares changing hands. The stock had previously closed at $100.11.

JPMorgan BetaBuilders Canada ETF Stock Up 0.5%

The company has a market cap of $10.41 billion, a price-to-earnings ratio of 19.87 and a beta of 0.95. The firm has a 50-day simple moving average of $97.08 and a 200 day simple moving average of $94.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of JPMorgan BetaBuilders Canada ETF in the fourth quarter valued at about $31,000. Capital Investment Counsel Inc purchased a new stake in shares of JPMorgan BetaBuilders Canada ETF in the fourth quarter valued at approximately $32,000. Signaturefd LLC purchased a new stake in shares of JPMorgan BetaBuilders Canada ETF in the fourth quarter valued at approximately $32,000. Eastern Bank purchased a new stake in shares of JPMorgan BetaBuilders Canada ETF in the fourth quarter valued at approximately $39,000. Finally, Activest Wealth Management purchased a new stake in shares of JPMorgan BetaBuilders Canada ETF in the third quarter valued at approximately $42,000.

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.