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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw unusually-high trading volume on Thursday . Approximately 109,055 shares changed hands during trading, an increase of 113% from the previous session’s volume of 51,109 shares.The stock last traded at $109.63 and had previously closed at $109.47.

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

The firm has a fifty day simple moving average of $112.05 and a 200-day simple moving average of $108.41. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12.

Institutional Trading of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of BBMC. Royal Bank of Canada raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% in the 1st quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock valued at $400,000 after acquiring an additional 4,428 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the first quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock worth $1,382,000 after acquiring an additional 10,765 shares during the period. Jane Street Group LLC acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter valued at approximately $1,592,000. Steward Partners Investment Advisory LLC increased its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock worth $313,000 after purchasing an additional 243 shares during the period. Finally, IAG Wealth Partners LLC increased its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 105.0% during the second quarter. IAG Wealth Partners LLC now owns 9,101 shares of the company’s stock worth $887,000 after purchasing an additional 4,661 shares during the period.

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.