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

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $68.95 and last traded at $68.95, with a volume of 256 shares. The stock had previously closed at $68.05.

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

The company has a market cap of $527.47 million, a P/E ratio of 11.61 and a beta of 1.29. The stock has a fifty day moving average price of $65.45 and a two-hundred day moving average price of $63.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascent Group LLC bought a new stake in JPMorgan BetaBuilders U.S. Small Cap Equity ETF during the first quarter worth $205,000. Geneos Wealth Management Inc. increased its position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 454.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 554 shares of the company’s stock valued at $35,000 after purchasing an additional 454 shares during the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF during the 4th quarter worth $31,000.

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.