JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report) saw an uptick in trading volume on Monday . 74,196 shares were traded during mid-day trading, an increase of 108% from the previous session’s volume of 35,594 shares.The stock last traded at $105.08 and had previously closed at $103.59.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 1.4 %

The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15. The business’s 50-day moving average is $96.28 and its two-hundred day moving average is $91.83.

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

A number of hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% in the third quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock valued at $13,236,000 after purchasing an additional 14,899 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 3rd quarter valued at about $991,000. Ascent Group LLC increased its stake 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 worth $500,000 after buying an additional 116 shares during the period. Finally, Sutton Place Investors LLC raised its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% in the 2nd 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 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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