JPMorgan Chase & Co. Trims Stock Holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF $BBEM

JPMorgan Chase & Co. lowered its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) by 34.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,782,310 shares of the company’s stock after selling 5,585,046 shares during the quarter. JPMorgan Chase & Co. owned 61.26% of JPMorgan BetaBuilders Emerging Markets Equity ETF worth $682,628,000 as of its most recent SEC filing.

Separately, Flow Traders U.S. LLC bought a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the second quarter worth $11,518,000.

JPMorgan BetaBuilders Emerging Markets Equity ETF Trading Down 0.3%

Shares of BBEM opened at $70.44 on Wednesday. The firm has a fifty day moving average price of $66.79 and a 200-day moving average price of $64.43. The firm has a market capitalization of $1.24 billion, a P/E ratio of 14.49 and a beta of 0.59. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 12-month low of $46.76 and a 12-month high of $71.54.

JPMorgan BetaBuilders Emerging Markets Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd were given a $0.9431 dividend. This represents a $3.77 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, December 23rd.

JPMorgan BetaBuilders Emerging Markets Equity ETF Profile

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.