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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw an uptick in trading volume on Thursday . 71,553 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 38,315 shares.The stock last traded at $99.17 and had previously closed at $100.66.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Down 2.7 %

The firm has a fifty day simple moving average of $98.97 and a 200-day simple moving average of $96.69. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,072.7% in the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $50,000 after buying an additional 472 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter valued at $56,000. Richardson Financial Services Inc. increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,126.3% in the 4th quarter. Richardson Financial Services Inc. now owns 699 shares of the company’s stock valued at $67,000 after buying an additional 642 shares in the last quarter. IFP Advisors Inc increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% in the 4th quarter. IFP Advisors Inc now owns 729 shares of the company’s stock valued at $70,000 after buying an additional 163 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 143.3% in the 4th quarter. Farther Finance Advisors LLC now owns 944 shares of the company’s stock valued at $91,000 after buying an additional 556 shares in the last quarter.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

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.