JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Sets New 1-Year High – Time to Buy?

JPMorgan BetaBuilders Canada ETF (BATS:BBCA)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $102.69 and last traded at $102.69, with a volume of 76788 shares changing hands. The stock had previously closed at $102.11.

JPMorgan BetaBuilders Canada ETF Trading Up 0.6%

The stock has a market cap of $10.63 billion, a PE ratio of 19.87 and a beta of 0.95. The business has a 50-day moving average price of $100.22 and a 200-day moving average price of $97.53.

Hedge Funds Weigh In On JPMorgan BetaBuilders Canada ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RiverFront Investment Group LLC increased its stake in shares of JPMorgan BetaBuilders Canada ETF by 4.0% during the fourth quarter. RiverFront Investment Group LLC now owns 414,610 shares of the company’s stock worth $38,559,000 after purchasing an additional 16,025 shares in the last quarter. Strategic Investment Management LLC boosted its holdings in JPMorgan BetaBuilders Canada ETF by 58.5% in the 4th quarter. Strategic Investment Management LLC now owns 356,550 shares of the company’s stock worth $33,159,000 after buying an additional 131,610 shares during the last quarter. Elm Partners Management LLC increased its stake in JPMorgan BetaBuilders Canada ETF by 7.0% during the 4th quarter. Elm Partners Management LLC now owns 295,147 shares of the company’s stock worth $27,449,000 after buying an additional 19,267 shares in the last quarter. Ameriprise Financial Inc. increased its stake in JPMorgan BetaBuilders Canada ETF by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 184,617 shares of the company’s stock worth $14,899,000 after buying an additional 14,167 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of JPMorgan BetaBuilders Canada ETF by 5.1% during the fourth quarter. LPL Financial LLC now owns 166,671 shares of the company’s stock valued at $15,500,000 after acquiring an additional 8,143 shares during the last quarter.

About JPMorgan BetaBuilders Canada ETF

The JPMorgan BetaBuilders Canada ETF (BBCA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap Canadian equities. BBCA was launched on Aug 7, 2018 and is managed by JPMorgan Chase.