JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Hits New 1-Year High Following Dividend Announcement

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) shares reached a new 52-week high on Monday after the company announced a dividend. The company traded as high as $66.4916 and last traded at $64.1050, with a volume of 225 shares trading hands. The stock had previously closed at $66.1570.

The newly announced dividend which will be paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd will be paid a $0.9431 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $3.77 annualized dividend and a yield of 5.9%.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Down 4.0%

The business’s 50 day moving average is $64.74 and its 200 day moving average is $61.84. The company has a market cap of $1.12 billion, a P/E ratio of 14.49 and a beta of 0.59.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC purchased a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the 2nd quarter worth approximately $11,518,000. Susquehanna International Group LLP lifted its position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% during the 3rd quarter. Susquehanna International Group LLP now owns 179,204 shares of the company’s stock valued at $11,345,000 after buying an additional 87,123 shares in the last quarter. Citadel Advisors LLC acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth $2,310,000. Hsbc Holdings PLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the first quarter valued at $366,000. Finally, Bank of America Corp DE acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter valued at about $303,000.

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.