JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 1-Year High – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares reached a new 52-week high on Tuesday . The stock traded as high as $122.76 and last traded at $122.76, with a volume of 570 shares traded. The stock had previously closed at $120.94.

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

The firm has a market capitalization of $2.10 billion, a P/E ratio of 18.31 and a beta of 1.08. The firm has a 50 day moving average price of $114.80 and a two-hundred day moving average price of $111.66.

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

Several large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter worth $106,000. Cornerstone Planning Group LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter worth $122,000. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter worth $144,000. Geneos Wealth Management Inc. boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 29.4% in the second quarter. Geneos Wealth Management Inc. now owns 1,630 shares of the company’s stock worth $159,000 after buying an additional 370 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% in the first quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock worth $400,000 after buying an additional 4,428 shares during the period.

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.