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) shares saw strong trading volume on Monday . 136,072 shares were traded during mid-day trading, an increase of 307% from the previous session’s volume of 33,452 shares.The stock last traded at $128.15 and had previously closed at $127.66.

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

The company’s fifty day simple moving average is $126.09 and its two-hundred day simple moving average is $119.36. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 18.31 and a beta of 1.08.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% in the 1st quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock valued at $400,000 after acquiring an additional 4,428 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% in the first quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock worth $1,382,000 after purchasing an additional 10,765 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter worth approximately $1,592,000. Raymond James Financial Inc. bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter valued at approximately $144,000. Finally, Bank of America Corp DE lifted its holdings 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 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.