JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) Trading Down 1% – Here’s What Happened

JPMorgan BetaBuilders U.S. Small Cap Equity ETF (NYSEARCA:BBSC) dropped 1% during mid-day trading on Wednesday . The stock traded as low as $74.32 and last traded at $74.32. Approximately 62,209 shares changed hands during trading, an increase of 362% from the average daily volume of 13,462 shares. The stock had previously closed at $75.09.

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

The firm has a market capitalization of $581.18 million, a P/E ratio of 18.09 and a beta of 1.14. The business has a fifty day moving average of $74.76 and a 200-day moving average of $72.05.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 1.7% in the second quarter. Janney Montgomery Scott LLC now owns 122,687 shares of the company’s stock worth $8,095,000 after purchasing an additional 2,011 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 650.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 435 shares of the company’s stock valued at $26,000 after buying an additional 377 shares during the period. MGO One Seven LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF during the 2nd quarter worth about $272,000. Flow Traders U.S. LLC lifted its stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF by 194.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 93,444 shares of the company’s stock worth $6,165,000 after acquiring an additional 61,720 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Small Cap Equity ETF in the 2nd quarter worth approximately $39,000.

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.