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

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) hit a new 52-week high on Tuesday . The stock traded as high as $92.40 and last traded at $92.36, with a volume of 9053 shares changing hands. The stock had previously closed at $90.87.

JPMorgan BetaBuilders U.S. Small Cap Equity ETF Stock Down 0.3%

The firm has a market capitalization of $717.64 million, a PE ratio of 18.09 and a beta of 1.14. The stock has a 50-day simple moving average of $89.11 and a 200-day simple moving average of $82.94.

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

Large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted 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 valued at $63,000 after purchasing an additional 228 shares during the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 116.7% in the second quarter. Bank of America Corp DE now owns 2,251 shares of the company’s stock valued at $149,000 after purchasing an additional 1,212 shares during the period. Elevation Wealth Management LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $226,000. Triad Wealth Partners LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF during the 4th quarter valued at approximately $280,000. Finally, MGO One Seven LLC lifted its stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 8.7% during the 4th quarter. MGO One Seven LLC now owns 4,967 shares of the company’s stock valued at $369,000 after buying an additional 398 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.