JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw an uptick in trading volume on Wednesday . 205,425 shares were traded 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 Performance

The company has a market capitalization of $1.86 billion, a PE ratio of 16.22 and a beta of 1.15. The firm’s 50-day simple moving average is $99.07 and its 200 day simple moving average is $93.12.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sutton Place Investors LLC boosted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% in the second quarter. Sutton Place Investors LLC now owns 2,755 shares of the company’s stock valued at $242,000 after acquiring an additional 457 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the third quarter worth approximately $991,000. Finally, Janney Montgomery Scott LLC grew its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock worth $13,236,000 after acquiring an additional 14,899 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.