JPMorgan Chase & Co. Sells 5,585,046 Shares of JPMorgan BetaBuilders Emerging Markets Equity ETF $BBEM

JPMorgan Chase & Co. lessened its stake in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF (BATS:BBEM) by 34.1% during the 3rd quarter, Holdings Channel reports. The fund owned 10,782,310 shares of the company’s stock after selling 5,585,046 shares during the period. JPMorgan Chase & Co. owned about 0.61% of JPMorgan BetaBuilders Emerging Markets Equity ETF worth $682,628,000 as of its most recent SEC filing.

Separately, Hsbc Holdings PLC raised its position in shares of JPMorgan BetaBuilders Emerging Markets Equity ETF by 75.5% in the 2nd quarter. Hsbc Holdings PLC now owns 12,200 shares of the company’s stock worth $710,000 after acquiring an additional 5,250 shares in the last quarter.

JPMorgan BetaBuilders Emerging Markets Equity ETF Price Performance

Shares of BATS BBEM opened at $70.44 on Wednesday. JPMorgan BetaBuilders Emerging Markets Equity ETF has a 1-year low of $46.76 and a 1-year high of $71.54. The business has a fifty day moving average price of $66.79 and a 200 day moving average price of $64.43. The stock 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 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.9431 per share. This represents a $3.77 annualized dividend and a dividend 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.