JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sets New 12-Month High – Still a Buy?

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) reached a new 52-week high during trading on Monday . The company traded as high as $66.4916 and last traded at $63.6950, with a volume of 225 shares traded. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

The stock’s fifty day simple moving average is $64.66 and its 200-day simple moving average is $62.06. The firm has a market cap of $1.13 billion, a PE 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. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.9431 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $3.77 dividend on an annualized basis and a yield of 5.9%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth about $303,000. Hsbc Holdings PLC purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 1st quarter worth approximately $366,000. Citadel Advisors LLC acquired a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter valued at approximately $2,310,000. Susquehanna International Group LLP boosted its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% in the 3rd quarter. Susquehanna International Group LLP now owns 179,204 shares of the company’s stock valued at $11,345,000 after acquiring an additional 87,123 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of 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.