JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 1-Year High – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $122.76 and last traded at $122.76, with a volume of 570 shares. The stock had previously closed at $120.94.

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

The firm has a market cap of $2.10 billion, a P/E ratio of 18.31 and a beta of 1.08. The firm has a fifty day moving average of $114.80 and a 200-day moving average of $111.66.

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

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 5.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,252 shares of the company’s stock valued at $240,000 after acquiring an additional 116 shares during the period. Bank of America Corp DE increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% in the 2nd quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock valued at $655,000 after acquiring an additional 216 shares during the period. LPL Financial LLC increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% in the 4th quarter. LPL Financial LLC now owns 28,925 shares of the company’s stock valued at $3,084,000 after acquiring an additional 634 shares during the period. Triad Wealth Partners LLC increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% in the 1st quarter. Triad Wealth Partners LLC now owns 5,290 shares of the company’s stock valued at $573,000 after acquiring an additional 702 shares during the period. Finally, MGO One Seven LLC increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.4% in the 4th quarter. MGO One Seven LLC now owns 7,589 shares of the company’s stock valued at $809,000 after acquiring an additional 777 shares during the period.

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.