JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Here’s Why

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw unusually-high trading volume on Friday . Approximately 56,417 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 54,456 shares.The stock last traded at $109.41 and had previously closed at $112.11.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Down 1.8%

The stock has a 50 day moving average of $112.92 and a 200-day moving average of $107.67. The company has a market capitalization of $1.92 billion, a P/E ratio of 18.31 and a beta of 1.12.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter valued at $106,000. Elevation Wealth Management LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter worth $560,000. Jane Street Group LLC bought a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter valued at about $2,212,000. LPL Financial LLC raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% during the fourth quarter. LPL Financial LLC now owns 28,925 shares of the company’s stock valued at $3,084,000 after acquiring an additional 634 shares during the period. Finally, MGO One Seven LLC lifted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.4% in the fourth quarter. MGO One Seven LLC now owns 7,589 shares of the company’s stock valued at $809,000 after acquiring an additional 777 shares in 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.