JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 52-Week High – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $115.44 and last traded at $115.15, with a volume of 2875 shares changing hands. The stock had previously closed at $114.38.

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

The stock’s 50-day moving average price is $108.01 and its 200-day moving average price is $104.62. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

A number of institutional investors have recently added to or reduced their stakes in BBMC. Jane Street Group LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter valued at about $1,592,000. Goldman Sachs Group Inc. lifted its position in shares of 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 worth $1,382,000 after buying an additional 10,765 shares during the last quarter. Flow Traders U.S. LLC boosted its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 50.1% in the third quarter. Flow Traders U.S. LLC now owns 29,366 shares of the company’s stock valued at $3,054,000 after acquiring an additional 9,807 shares during the period. MGO One Seven LLC bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter worth $567,000. Finally, IAG Wealth Partners LLC grew its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 105.0% during the second quarter. IAG Wealth Partners LLC now owns 9,101 shares of the company’s stock worth $887,000 after acquiring an additional 4,661 shares during 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.