JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Reaches New 12-Month High – Here’s Why

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $66.4916 and last traded at $66.7940, with a volume of 225 shares trading hands. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The firm’s 50-day simple moving average is $64.95 and its 200 day simple moving average is $63.03. The company has a market cap of $1.20 billion, a P/E ratio of 14.49 and a beta of 0.59.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The firm 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 annualized dividend and a yield of 5.5%.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE bought a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter worth approximately $303,000. Hsbc Holdings PLC raised its holdings in 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 worth $710,000 after purchasing an additional 5,250 shares during the last quarter. Citadel Advisors LLC bought a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth $2,310,000. Susquehanna International Group LLP lifted its stake 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 purchasing an additional 87,123 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the second quarter valued at approximately $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.