JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BATS:BBMC) Shares Climb 0.5% – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BATS:BBMC) shares were up 0.5% during trading on Monday. The company traded as high as $123.60 and last traded at $122.99. 20,375 shares traded hands during trading, a decline of 40% from the average daily volume of 33,956 shares. The stock had previously closed at $122.39.

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

The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 18.31 and a beta of 1.08. The company’s 50 day simple moving average is $125.47 and its two-hundred day simple moving average is $121.76.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

A number of hedge funds have recently modified their holdings of BBMC. Triad Wealth Partners LLC boosted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% during the first quarter. Triad Wealth Partners LLC now owns 5,290 shares of the company’s stock valued at $573,000 after purchasing an additional 702 shares during the last quarter. Royal Bank of Canada increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 92.8% in the 1st quarter. Royal Bank of Canada now owns 6,149 shares of the company’s stock worth $667,000 after purchasing an additional 2,959 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter worth about $443,000. Archer Investment Corp purchased a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter worth about $490,000. Finally, Citadel Advisors LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 52.8% during the 2nd quarter. Citadel Advisors LLC now owns 19,405 shares of the company’s stock worth $2,467,000 after purchasing an additional 6,705 shares in 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.