JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw strong trading volume on Tuesday . 314,000 shares changed hands during mid-day trading, an increase of 1,384% from the previous session’s volume of 21,165 shares.The stock last traded at $113.0590 and had previously closed at $113.08.

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

The business has a fifty day moving average price of $109.39 and a two-hundred day moving average price of $105.16. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12.

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

Several institutional investors and hedge funds have recently bought and sold shares of BBMC. MGO One Seven LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter valued at about $567,000. Janney Montgomery Scott LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1.9% during the second quarter. Janney Montgomery Scott LLC now owns 174,864 shares of the company’s stock valued at $17,041,000 after acquiring an additional 3,198 shares in the last quarter. TBH Global Asset Management LLC purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter valued at approximately $1,630,000. Geneos Wealth Management Inc. lifted its holdings in 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 acquiring an additional 116 shares during the period. Finally, Triad Wealth Partners LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter worth approximately $489,000.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

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.