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

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report) saw unusually-high trading volume on Monday . 20,624 shares changed hands during mid-day trading, a decline of 45% from the previous session’s volume of 37,667 shares.The stock last traded at $124.62 and had previously closed at $125.02.

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

The stock has a market capitalization of $2.03 billion, a P/E ratio of 18.31 and a beta of 1.07. The stock’s fifty day moving average price is $123.46 and its 200 day moving average price is $116.74.

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

Hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at approximately $106,000. Cornerstone Planning Group LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter valued at $122,000. Raymond James Financial Inc. acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter worth $144,000. Geneos Wealth Management Inc. boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 29.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,630 shares of the company’s stock worth $159,000 after purchasing an additional 370 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% during the 1st 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.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

(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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