JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Strong Trading Volume – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report) shares saw unusually-strong trading volume on Monday . 20,624 shares changed hands during mid-day trading, a decline of 45% from the previous session’s volume of 37,667 shares.The stock last traded at $124.62 and had previously closed at $125.02.

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

The stock’s 50-day moving average is $123.46 and its two-hundred day moving average is $116.74. The stock has a market cap of $2.03 billion, a PE ratio of 18.31 and a beta of 1.07.

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

Hedge funds have recently modified their holdings of the stock. Triad Wealth Partners LLC acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter valued at about $489,000. Archer Investment Corp acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the first quarter worth about $490,000. Private Advisor Group LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the first quarter worth approximately $443,000. Sanctuary Advisors LLC raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,507.1% in the fourth quarter. Sanctuary Advisors LLC now owns 34,055 shares of the company’s stock valued at $3,631,000 after acquiring an additional 31,936 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 92.8% in the first quarter. Royal Bank of Canada now owns 6,149 shares of the company’s stock worth $667,000 after acquiring an additional 2,959 shares during the last quarter.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

(Get Free Report)

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.

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