JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – Still a Buy?
by Amy Steele · The Cerbat GemJPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 23,685 shares were traded during mid-day trading, an increase of 577% from the previous session’s volume of 3,497 shares.The stock last traded at $109.33 and had previously closed at $108.12.
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Price Performance
The business’s fifty day moving average price is $106.00 and its two-hundred day moving average price is $103.28. The stock has a market capitalization of $2.02 billion, a PE ratio of 18.31 and a beta of 1.12.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of BBMC. Jones Financial Companies Lllp purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter worth about $19,581,000. Janney Montgomery Scott LLC increased its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 174,864 shares of the company’s stock worth $17,041,000 after buying an additional 3,198 shares during the period. Flow Traders U.S. LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 50.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 29,366 shares of the company’s stock worth $3,054,000 after buying an additional 9,807 shares during the last quarter. 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. Finally, Goldman Sachs Group Inc. boosted 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 acquiring an additional 10,765 shares during 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.