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

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw an uptick in trading volume on Friday . 56,417 shares traded hands during trading, an increase of 4% from the previous session’s volume of 54,456 shares.The stock last traded at $109.41 and had previously closed at $112.11.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Down 1.8%

The stock has a market cap of $1.92 billion, a P/E ratio of 18.31 and a beta of 1.12. The company has a 50-day simple moving average of $112.92 and a two-hundred day simple moving average of $107.67.

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

Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at about $106,000. Cornerstone Planning Group LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter worth about $122,000. Raymond James Financial Inc. purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter valued at about $144,000. Geneos Wealth Management Inc. increased its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 29.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,630 shares of the company’s stock valued at $159,000 after purchasing an additional 370 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock valued at $313,000 after purchasing an additional 243 shares during the last quarter.

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.