JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) Hits New 1-Year High – Here’s Why

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $78.20 and last traded at $78.55, with a volume of 524 shares trading hands. The stock had previously closed at $77.95.

JPMorgan BetaBuilders U.S. Small Cap Equity ETF Stock Up 0.6%

The firm has a 50 day simple moving average of $74.82 and a two-hundred day simple moving average of $72.51. The stock has a market capitalization of $623.16 million, a P/E ratio of 18.09 and a beta of 1.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its holdings in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 27.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the company’s stock valued at $63,000 after purchasing an additional 228 shares during the last quarter. MGO One Seven LLC lifted 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 valued at $339,000 after acquiring an additional 448 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in JPMorgan BetaBuilders U.S. Small Cap Equity ETF during the 2nd quarter worth $39,000. Bank of America Corp DE grew its position in 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 last quarter. Finally, Financial Engines Advisors L.L.C. raised its position in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 9.8% in the third quarter. Financial Engines Advisors L.L.C. now owns 21,577 shares of the company’s stock valued at $1,600,000 after purchasing an additional 1,920 shares during the last quarter.

About JPMorgan BetaBuilders U.S. Small Cap Equity ETF

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.