JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Share Price Passes Above 50-Day Moving Average – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $97.59 and traded as high as $104.40. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF shares last traded at $104.03, with a volume of 5,636 shares.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Down 0.9 %

The business has a 50-day moving average price of $98.01 and a 200-day moving average price of $92.60. The stock has a market cap of $1.90 billion, a PE ratio of 16.22 and a beta of 1.15.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock valued at $13,236,000 after buying an additional 14,899 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 3rd quarter worth $991,000. Finally, Sutton Place Investors LLC boosted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% during the second quarter. Sutton Place Investors LLC now owns 2,755 shares of the company’s stock worth $242,000 after buying an additional 457 shares in 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.