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

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw unusually-high trading volume on Tuesday . Approximately 155,937 shares changed hands during trading, an increase of 211% from the previous session’s volume of 50,191 shares.The stock last traded at $108.25 and had previously closed at $108.42.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 0.4%

The company has a market cap of $1.90 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12. The company’s fifty day moving average price is $112.82 and its two-hundred day moving average price is $108.29.

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

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter worth $106,000. Cornerstone Planning Group LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at about $122,000. Raymond James Financial Inc. bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter valued at about $144,000. Geneos Wealth Management Inc. lifted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 29.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,630 shares of the company’s stock worth $159,000 after buying an additional 370 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock worth $313,000 after acquiring an additional 243 shares during the last quarter.

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.