JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) Sets New 52-Week High – Here’s Why

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) shares reached a new 52-week high on Thursday . The company traded as high as $78.82 and last traded at $78.82, with a volume of 5217 shares traded. The stock had previously closed at $78.27.

JPMorgan BetaBuilders U.S. Small Cap Equity ETF Trading Up 0.7%

The company has a market cap of $626.62 million, a price-to-earnings ratio of 18.09 and a beta of 1.14. The stock’s fifty day simple moving average is $75.13 and its 200 day simple moving average is $72.94.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Small Cap Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 27.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the company’s stock worth $63,000 after buying an additional 228 shares in the last quarter. MGO One Seven LLC increased its stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 10.9% in the 3rd quarter. MGO One Seven LLC now owns 4,569 shares of the company’s stock worth $339,000 after acquiring an additional 448 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF during the 2nd quarter worth $39,000. Bank of America Corp DE raised its holdings in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 116.7% during the 2nd quarter. Bank of America Corp DE now owns 2,251 shares of the company’s stock worth $149,000 after acquiring an additional 1,212 shares during the period. Finally, Financial Engines Advisors L.L.C. boosted its position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 9.8% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 21,577 shares of the company’s stock valued at $1,600,000 after acquiring an additional 1,920 shares during the last quarter.

JPMorgan BetaBuilders U.S. Small Cap Equity ETF Company Profile

The JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a market-cap-weighted index of US small cap companies. BBSC was launched on Nov 16, 2020 and is managed by JPMorgan Chase.