JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Stock Price Up 1.6% – Here’s Why

Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) rose 1.6% on Monday . The company traded as high as $50.93 and last traded at $51.21. Approximately 26,601 shares traded hands during trading, The stock had previously closed at $50.39.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Up 1.6 %

The firm has a market cap of $583.74 million, a P/E ratio of 14.38 and a beta of 0.84. The business has a 50-day moving average of $52.11 and a two-hundred day moving average of $53.09.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF stock. Flow Traders U.S. LLC bought a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 117,894 shares of the company’s stock, valued at approximately $6,558,000. Flow Traders U.S. LLC owned 1.03% of JPMorgan BetaBuilders Emerging Markets Equity ETF at the end of the most recent quarter.

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.