NewEdge Wealth LLC Invests $2.33 Million in JPMorgan ActiveBuilders Emerging Markets Equity ETF $JEMA

NewEdge Wealth LLC acquired a new stake in JPMorgan ActiveBuilders Emerging Markets Equity ETF (BATS:JEMA) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 44,777 shares of the company’s stock, valued at approximately $2,330,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JEMA. Northwestern Mutual Wealth Management Co. raised its stake in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 1,778.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 939 shares of the company’s stock worth $46,000 after acquiring an additional 889 shares during the last quarter. Royal Bank of Canada bought a new stake in JPMorgan ActiveBuilders Emerging Markets Equity ETF during the 4th quarter worth about $58,000. Advisory Services Network LLC bought a new position in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF in the 3rd quarter valued at about $59,000. Geneos Wealth Management Inc. grew its position in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 28.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,795 shares of the company’s stock worth $69,000 after buying an additional 399 shares during the period. Finally, ORG Partners LLC grew its position in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 17.5% during the 4th quarter. ORG Partners LLC now owns 2,961 shares of the company’s stock worth $145,000 after buying an additional 442 shares during the period.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Price Performance

JEMA opened at $59.03 on Friday. The firm has a 50 day simple moving average of $62.05 and a 200 day simple moving average of $57.37. JPMorgan ActiveBuilders Emerging Markets Equity ETF has a fifty-two week low of $42.85 and a fifty-two week high of $66.68. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 15.19 and a beta of 0.66.

About JPMorgan ActiveBuilders Emerging Markets Equity ETF

The JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund is an actively-managed fund utilizing emerging market equity strategies across countries, regions, styles, and market capitalizations. JEMA was launched on Mar 10, 2021 and is managed by JPMorgan Chase.