JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) Stock Price Down 1.1% – Here’s What Happened

JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) shares dropped 1.1% on Wednesday . The stock traded as low as $53.92 and last traded at $54.28. Approximately 1,226 shares traded hands during mid-day trading, The stock had previously closed at $54.87.

JPMorgan BetaBuilders Emerging Markets Equity ETF Stock Performance

The company has a fifty day simple moving average of $54.31 and a two-hundred day simple moving average of $53.04. The company has a market capitalization of $618.79 million, a price-to-earnings ratio of 14.38 and a beta of 0.84.

Institutional Inflows and Outflows

An institutional investor recently raised its position in JPMorgan BetaBuilders Emerging Markets Equity ETF stock. Jane Street Group LLC increased its holdings in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,820 shares of the company’s stock after purchasing an additional 8,476 shares during the period. Jane Street Group LLC owned 0.85% of JPMorgan BetaBuilders Emerging Markets Equity ETF worth $4,884,000 as of its most recent filing with the Securities and Exchange Commission.

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.