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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw strong trading volume on Monday . 74,196 shares changed hands during trading, an increase of 108% from the previous session’s volume of 35,594 shares.The stock last traded at $105.08 and had previously closed at $103.59.

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

The business’s fifty day moving average price is $96.76 and its two-hundred day moving average price is $92.04. The stock has a market capitalization of $1.92 billion, a PE ratio of 16.22 and a beta of 1.15.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. 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 acquiring an additional 14,899 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the third quarter valued at $991,000. Finally, Sutton Place Investors LLC boosted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% in the second quarter. Sutton Place Investors LLC now owns 2,755 shares of the company’s stock valued at $242,000 after purchasing an additional 457 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.