JPMorgan BetaBuilders Canada ETF (BATS:BBCA) Reaches New 1-Year High – Should You Buy?

JPMorgan BetaBuilders Canada ETF (BATS:BBCA) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $98.87 and last traded at $96.7310, with a volume of 42614 shares trading hands. The stock had previously closed at $97.65.

JPMorgan BetaBuilders Canada ETF Stock Up 1.5%

The firm has a market capitalization of $9.98 billion, a P/E ratio of 19.87 and a beta of 0.95. The business’s 50-day simple moving average is $94.13 and its 200 day simple moving average is $88.77.

Institutional Trading of JPMorgan BetaBuilders Canada ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BBCA. Municipal Employees Retirement System of Michigan bought a new position in shares of JPMorgan BetaBuilders Canada ETF in the second quarter worth approximately $75,903,000. Envestnet Asset Management Inc. boosted its position in JPMorgan BetaBuilders Canada ETF by 0.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 466,781 shares of the company’s stock valued at $40,717,000 after buying an additional 1,442 shares during the period. HighTower Advisors LLC grew its stake in shares of JPMorgan BetaBuilders Canada ETF by 7.9% in the third quarter. HighTower Advisors LLC now owns 420,531 shares of the company’s stock worth $36,683,000 after purchasing an additional 30,827 shares during the last quarter. 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 valued at $38,559,000 after buying an additional 16,025 shares during the period. Finally, Strategic Investment Management LLC raised 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 purchasing an additional 131,610 shares in 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.