JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – Time to Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 32,134 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 38,664 shares.The stock last traded at $125.11 and had previously closed at $125.38.

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

The business’s 50-day moving average price is $123.00 and its 200-day moving average price is $116.17. The firm has a market capitalization of $2.05 billion, a PE ratio of 18.31 and a beta of 1.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of 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 buying an additional 4,428 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 buying an additional 10,765 shares during the last quarter. Jane Street Group LLC purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter valued at $1,592,000. Raymond James Financial Inc. acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter valued at $144,000. Finally, Bank of America Corp DE increased its stake 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 buying an additional 216 shares during the period.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile

(Get Free Report)

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.

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