Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC – Get Free Report) saw strong trading volume on Wednesday . 205,425 shares traded hands during mid-day trading, an increase of 475% from the previous session’s volume of 35,730 shares.The stock last traded at $102.35 and had previously closed at $101.75.
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 1.1 %
The company’s fifty day simple moving average is $98.71 and its two-hundred day simple moving average is $92.99. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sutton Place Investors LLC increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% during the second quarter. Sutton Place Investors LLC now owns 2,755 shares of the company’s stock worth $242,000 after acquiring an additional 457 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock valued at $13,236,000 after purchasing an additional 14,899 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the third quarter valued at about $991,000.
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.
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