JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 52-Week High – What’s Next?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $128.01 and last traded at $128.01, with a volume of 1737 shares changing hands. The stock had previously closed at $125.60.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 1.9%

The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 18.31 and a beta of 1.07. The stock has a 50 day moving average of $124.51 and a 200 day moving average of $117.85.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% during the first quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock worth $400,000 after acquiring an additional 4,428 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock valued at $1,382,000 after purchasing an additional 10,765 shares during the last quarter. Jane Street Group LLC bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter valued at approximately $1,592,000. Raymond James Financial Inc. acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter valued at approximately $144,000. Finally, Bank of America Corp DE grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% during the second quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock worth $655,000 after buying an additional 216 shares during 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.