Bank of Nova Scotia Buys New Position in JPMorgan BetaBuilders Emerging Markets Equity ETF $BBEM

Bank of Nova Scotia purchased a new position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 88,768 shares of the company’s stock, valued at approximately $5,837,000. Bank of Nova Scotia owned about 0.50% of JPMorgan BetaBuilders Emerging Markets Equity ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in JPMorgan BetaBuilders Emerging Markets Equity ETF by 3.9% in the 4th quarter. JPMorgan Chase & Co. now owns 11,201,230 shares of the company’s stock worth $712,734,000 after buying an additional 418,920 shares during the period. Susquehanna International Group LLP grew its position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 94.6% during the third quarter. Susquehanna International Group LLP now owns 179,204 shares of the company’s stock worth $11,345,000 after purchasing an additional 87,123 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF during the third quarter worth about $2,310,000. Hsbc Holdings PLC raised its stake in JPMorgan BetaBuilders Emerging Markets Equity ETF by 31.1% during the 4th quarter. Hsbc Holdings PLC now owns 25,911 shares of the company’s stock valued at $1,649,000 after purchasing an additional 6,140 shares during the period. Finally, Bank of America Corp DE bought a new stake in JPMorgan BetaBuilders Emerging Markets Equity ETF during the 3rd quarter valued at approximately $303,000.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

BBEM stock opened at $73.61 on Tuesday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 1-year low of $58.15 and a 1-year high of $82.68. The business has a 50 day simple moving average of $77.19 and a two-hundred day simple moving average of $72.42. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 14.49 and a beta of 0.59.

JPMorgan BetaBuilders Emerging Markets Equity ETF Company 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.