JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Strong Trading Volume – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw strong trading volume on Monday . 32,134 shares traded hands during trading, a decline of 17% from the previous session’s volume of 38,664 shares.The stock last traded at $125.11 and had previously closed at $125.38.

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

The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 18.31 and a beta of 1.07. The stock’s 50-day moving average is $123.00 and its 200 day moving average is $116.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BBMC. Royal Bank of Canada raised its position in 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 acquiring an additional 4,428 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings 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 valued at $1,382,000 after purchasing an additional 10,765 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter valued at about $1,592,000. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter valued at about $144,000. Finally, Bank of America Corp DE lifted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% in the second quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock valued at $655,000 after purchasing an additional 216 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.