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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw strong trading volume on Thursday . 148,643 shares traded hands during mid-day trading, an increase of 266% from the previous session’s volume of 40,572 shares.The stock last traded at $92.34 and had previously closed at $92.61.

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

The firm has a 50 day simple moving average of $96.58 and a 200-day simple moving average of $97.18. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 17.65 and a beta of 1.12.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.1961 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Several institutional investors and hedge funds have recently modified their holdings of BBMC. Global Retirement Partners LLC boosted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,072.7% during the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $50,000 after acquiring an additional 472 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at approximately $56,000. Richardson Financial Services Inc. grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,126.3% in the fourth quarter. Richardson Financial Services Inc. now owns 699 shares of the company’s stock valued at $67,000 after purchasing an additional 642 shares in the last quarter. IFP Advisors Inc increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% during the 4th quarter. IFP Advisors Inc now owns 729 shares of the company’s stock worth $70,000 after buying an additional 163 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 143.3% during the 4th quarter. Farther Finance Advisors LLC now owns 944 shares of the company’s stock worth $91,000 after buying an additional 556 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.