JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – Here’s Why

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report) saw an uptick in trading volume on Wednesday . 190,360 shares traded hands during mid-day trading, an increase of 951% from the previous session’s volume of 18,114 shares.The stock last traded at $100.49 and had previously closed at $100.17.

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

The business’s fifty day simple moving average is $99.81 and its 200-day simple moving average is $95.92. The company has a market capitalization of $1.86 billion, a P/E ratio of 16.22 and a beta of 1.15.

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

A number of large investors have recently made changes to their positions in BBMC. Janney Montgomery Scott LLC grew its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 113.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 299,454 shares of the company’s stock worth $28,816,000 after buying an additional 159,345 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter worth approximately $2,822,000. Park Avenue Securities LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at approximately $1,244,000. Sanctuary Advisors LLC purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 3rd quarter valued at $991,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 390.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 7,076 shares of the company’s stock valued at $681,000 after acquiring an additional 5,634 shares during the last quarter.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile

(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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