JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Hits New 1-Year High – Here’s Why

by · The Cerbat Gem

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $108.63 and last traded at $108.9050, with a volume of 13218 shares changing hands. The stock had previously closed at $107.06.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Down 1.3%

The company has a 50-day simple moving average of $104.88 and a 200 day simple moving average of $101.65. The firm has a market cap of $2.03 billion, a PE ratio of 18.31 and a beta of 1.12.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of 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 acquiring an additional 10,765 shares during the period. Geneos Wealth Management Inc. boosted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 26.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,260 shares of the company’s stock worth $114,000 after purchasing an additional 264 shares in the last quarter. Thrive Wealth Management LLC acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter valued at approximately $216,000. Gradient Investments LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter valued at approximately $1,123,000. Finally, ACT Advisors LLC. increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 0.9% in the second quarter. ACT Advisors LLC. now owns 14,202 shares of the company’s stock valued at $1,384,000 after buying an additional 126 shares in 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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