JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) Hits New 52-Week High – Should You Buy?

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

JPMorgan BetaBuilders U.S. Small Cap Equity ETF Price Performance

The firm’s fifty day moving average is $74.88 and its two-hundred day moving average is $72.66. The firm has a market capitalization of $623.68 million, a PE ratio of 18.09 and a beta of 1.14.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 27.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the company’s stock worth $63,000 after acquiring an additional 228 shares during the last quarter. MGO One Seven LLC boosted its holdings in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 10.9% during the third quarter. MGO One Seven LLC now owns 4,569 shares of the company’s stock worth $339,000 after purchasing an additional 448 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF during the second quarter worth about $39,000. Bank of America Corp DE increased its holdings 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 valued at $149,000 after purchasing an additional 1,212 shares during the period. Finally, Financial Engines Advisors L.L.C. increased its holdings in 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 purchasing an additional 1,920 shares during the period.

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.