JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Time to Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw unusually-high trading volume on Tuesday . Approximately 98,949 shares were traded during trading, an increase of 177% from the previous session’s volume of 35,745 shares.The stock last traded at $99.86 and had previously closed at $99.47.

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

The firm has a market cap of $1.84 billion, a P/E ratio of 16.22 and a beta of 1.15. The firm’s 50 day moving average is $95.33 and its 200 day moving average is $91.47.

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

Several hedge funds have recently added to or reduced their stakes in BBMC. Janney Montgomery Scott LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock worth $13,236,000 after buying an additional 14,899 shares during the last quarter. Flow Traders U.S. LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2,627.0% in the first quarter. Flow Traders U.S. LLC now owns 131,796 shares of the company’s stock worth $12,185,000 after acquiring an additional 126,963 shares during the period. Ascent Group LLC raised its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% during the first quarter. Ascent Group LLC now owns 5,404 shares of the company’s stock valued at $500,000 after purchasing an additional 116 shares during the last quarter. Finally, Sutton Place Investors LLC lifted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% during the second quarter. Sutton Place Investors LLC now owns 2,755 shares of the company’s stock valued at $242,000 after purchasing an additional 457 shares during the period.

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.