JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) Reaches New 52-Week High – Still a Buy?

Shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) hit a new 52-week high on Wednesday . The stock traded as high as $80.06 and last traded at $80.06, with a volume of 6975 shares trading hands. The stock had previously closed at $78.31.

JPMorgan BetaBuilders U.S. Small Cap Equity ETF Stock Up 2.2%

The stock has a market capitalization of $636.48 million, a P/E ratio of 18.09 and a beta of 1.14. The firm’s 50-day simple moving average is $75.56 and its 200 day simple moving average is $73.31.

Institutional Trading of JPMorgan BetaBuilders U.S. Small Cap Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings 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 holdings in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 10.9% in the third quarter. MGO One Seven LLC now owns 4,569 shares of the company’s stock valued at $339,000 after buying an additional 448 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF during the 2nd quarter valued at $39,000. Bank of America Corp DE lifted its position 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 valued at $149,000 after acquiring an additional 1,212 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. boosted its stake 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 worth $1,600,000 after acquiring an additional 1,920 shares in 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.