JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 1-Year High – Should You Buy?

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) reached a new 52-week high on Friday . The stock traded as high as $106.98 and last traded at $106.92, with a volume of 1526 shares changing hands. The stock had previously closed at $106.41.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 0.5%

The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12. The stock has a fifty day moving average price of $104.28 and a 200-day moving average price of $100.74.

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

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 18,221,194 shares of the company’s stock worth $1,642,094,000 after acquiring an additional 845,276 shares during the last quarter. Flow Traders U.S. LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 259.9% during the first quarter. Flow Traders U.S. LLC now owns 45,500 shares of the company’s stock worth $4,100,000 after purchasing an additional 32,858 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% in the first quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock valued at $400,000 after buying an additional 4,428 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter valued at about $19,581,000. Finally, Goldman Sachs Group Inc. lifted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock worth $1,382,000 after buying an additional 10,765 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.