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

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $66.4916 and last traded at $68.6850, with a volume of 225 shares traded. The stock had previously closed at $66.1570.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The firm has a market capitalization of $1.21 billion, a P/E ratio of 14.49 and a beta of 0.59. The business has a 50 day simple moving average of $65.02 and a two-hundred day simple moving average of $63.18.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The business also recently announced 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 was Tuesday, December 23rd. This represents a $3.77 annualized dividend and a yield of 5.5%.

Institutional Trading of JPMorgan BetaBuilders Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new position in JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter worth $303,000. Hsbc Holdings PLC lifted its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% during the second 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 purchased a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 3rd quarter worth about $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 worth $11,345,000 after purchasing an additional 87,123 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 2nd quarter valued at about $11,518,000.

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.