JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) Shares Up 2.7% – Here’s Why

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) rose 2.7% during mid-day trading on Tuesday . The stock traded as high as $63.67 and last traded at $63.67. Approximately 2,206 shares traded hands during trading, a decline of 89% from the average daily volume of 20,117 shares. The stock had previously closed at $62.01.

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

The company’s 50-day simple moving average is $59.59 and its 200-day simple moving average is $65.71. The stock has a market capitalization of $538.01 million, a P/E ratio of 17.51 and a beta of 1.15.

Institutional Trading of JPMorgan BetaBuilders U.S. Small Cap Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 27.8% in 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. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 650.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 435 shares of the company’s stock valued at $26,000 after purchasing an additional 377 shares during the period. Flow Traders U.S. LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF in the first quarter valued at about $1,920,000. Financial Engines Advisors L.L.C. bought a new position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF in the first quarter valued at about $1,186,000. Finally, JPMorgan Chase & Co. raised its position in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 12.6% in the first quarter. JPMorgan Chase & Co. now owns 6,232,482 shares of the company’s stock valued at $377,190,000 after purchasing an additional 697,302 shares during the period.

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.