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

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) shares hit a new 52-week high during trading on Monday . The stock traded as high as $85.94 and last traded at $85.94, with a volume of 148 shares trading hands. The stock had previously closed at $84.81.

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

The firm has a fifty day moving average price of $78.85 and a two-hundred day moving average price of $77.34. The stock has a market capitalization of $739.81 million, a P/E ratio of 18.09 and a beta of 1.15.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Small Cap Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised 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 purchasing an additional 228 shares during the period. Bank of America Corp DE raised its holdings in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 116.7% in the 2nd quarter. Bank of America Corp DE now owns 2,251 shares of the company’s stock worth $149,000 after purchasing an additional 1,212 shares during the period. Elevation Wealth Management LLC bought a new position in JPMorgan BetaBuilders U.S. Small Cap Equity ETF in the 4th quarter worth $226,000. Triad Wealth Partners LLC bought a new position in JPMorgan BetaBuilders U.S. Small Cap Equity ETF in the 4th quarter worth $280,000. Finally, MGO One Seven LLC raised its holdings in 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 worth $339,000 after purchasing an additional 448 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.