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

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM)’s stock price reached 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 traded. The stock had previously closed at $72.45.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Up 1.1%

The stock has a market cap of $1.29 billion, a PE ratio of 14.49 and a beta of 0.59. The business has a 50-day moving average price of $67.68 and a 200 day moving average price of $64.91.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd were issued 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 hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% during the 4th quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock valued at $712,734,000 after buying an additional 418,920 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 2nd quarter valued at $11,518,000. Susquehanna International Group LLP lifted its position in shares of 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 in the last quarter. Citadel Advisors LLC bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter worth $2,310,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% in the second quarter. Hsbc Holdings PLC now owns 12,200 shares of the company’s stock worth $710,000 after acquiring an additional 5,250 shares during the period.

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.