JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 1-Year High – Time to Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $128.01 and last traded at $128.01, with a volume of 1737 shares changing hands. The stock had previously closed at $125.60.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 1.9%

The firm’s 50-day moving average is $124.51 and its 200 day moving average is $117.85. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 18.31 and a beta of 1.07.

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

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of 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 during the last quarter. Goldman Sachs Group Inc. increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during 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 period. Jane Street Group LLC acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter valued at approximately $1,592,000. Raymond James Financial Inc. bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter worth approximately $144,000. Finally, Bank of America Corp DE raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock worth $655,000 after purchasing an additional 216 shares during the last quarter.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

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.