JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Hits New 12-Month High – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $110.41 and last traded at $110.54, with a volume of 8031 shares traded. The stock had previously closed at $109.68.

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

The firm’s 50-day simple moving average is $106.06 and its 200 day simple moving average is $103.38. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12.

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

Several large investors have recently bought and sold shares of BBMC. Royal Bank of Canada raised its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% during the first quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock worth $400,000 after acquiring an additional 4,428 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter worth approximately $19,581,000. Goldman Sachs Group Inc. lifted its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock valued at $1,382,000 after purchasing an additional 10,765 shares during the last quarter. Jane Street Group LLC acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter valued at approximately $1,592,000. Finally, Geneos Wealth Management Inc. boosted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 26.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,260 shares of the company’s stock valued at $114,000 after buying an additional 264 shares in the last quarter.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile

The JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of US mid-cap equities, selected and weighted by market cap. BBMC was launched on Apr 14, 2020 and is managed by JPMorgan Chase.