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 an uptick in trading volume on Tuesday . 26,119 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 22,031 shares.The stock last traded at $112.6850 and had previously closed at $112.31.

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

The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12. The company has a 50 day moving average price of $106.75 and a 200 day moving average price of $103.93.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

A number of large investors have recently modified their holdings of BBMC. Goldman Sachs Group Inc. grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the first quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock valued at $1,382,000 after buying an additional 10,765 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 26.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,260 shares of the company’s stock worth $114,000 after purchasing an additional 264 shares during the last quarter. Thrive Wealth Management LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter valued at approximately $216,000. Gradient Investments LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the second quarter valued at approximately $1,123,000. Finally, ACT Advisors LLC. grew its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 0.9% during the second quarter. ACT Advisors LLC. now owns 14,202 shares of the company’s stock worth $1,384,000 after buying an additional 126 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.