JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Should You Buy?

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw strong trading volume on Monday . 136,072 shares changed hands during trading, an increase of 307% from the previous session’s volume of 33,452 shares.The stock last traded at $128.15 and had previously closed at $127.66.

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

The company has a fifty day moving average of $126.09 and a two-hundred day moving average of $119.36. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 18.31 and a beta of 1.08.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

A number of institutional investors have recently modified their holdings of BBMC. Geneos Wealth Management Inc. increased its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 5.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,252 shares of the company’s stock valued at $240,000 after buying an additional 116 shares during the period. Bank of America Corp DE raised 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 valued at $655,000 after acquiring an additional 216 shares during the last quarter. LPL Financial LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% during the fourth 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 last quarter. Triad Wealth Partners LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% in the first quarter. Triad Wealth Partners LLC now owns 5,290 shares of the company’s stock worth $573,000 after purchasing an additional 702 shares during the last quarter. Finally, MGO One Seven LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.4% in the fourth quarter. MGO One Seven LLC now owns 7,589 shares of the company’s stock worth $809,000 after purchasing an additional 777 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.