JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Sets New 52-Week High – Here’s What Happened

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) shares hit a new 52-week high on Thursday . The stock traded as high as $73.30 and last traded at $73.23, with a volume of 4705 shares. The stock had previously closed at $72.45.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The company has a market cap of $1.27 billion, a PE ratio of 14.49 and a beta of 0.59. The company’s 50-day simple moving average is $68.04 and its 200 day simple moving average is $65.05.

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 issued a dividend of $0.9431 per share. This represents a $3.77 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Investors Weigh In On JPMorgan BetaBuilders Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BBEM. Titleist Asset Management LLC acquired a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF in the 4th quarter valued at $286,000. JPMorgan Chase & Co. grew its position in JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% in 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 during the last quarter. Susquehanna International Group LLP increased its stake 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 during the period. Citadel Advisors LLC purchased a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter worth approximately $2,310,000. Finally, Bank of America Corp DE acquired a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF in the third quarter valued at $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.