JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Hits New 52-Week High – Should You Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $99.79 and last traded at $99.79, with a volume of 892 shares. The stock had previously closed at $96.04.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 4.2 %

The company has a market cap of $1.84 billion, a PE ratio of 16.22 and a beta of 1.15. The firm’s fifty day moving average is $93.58 and its 200 day moving average is $90.61.

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

Several hedge funds have recently added to or reduced their stakes in BBMC. Janney Montgomery Scott LLC increased 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 period. Flow Traders U.S. LLC grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2,627.0% in the 1st quarter. Flow Traders U.S. LLC now owns 131,796 shares of the company’s stock valued at $12,185,000 after buying an additional 126,963 shares during the last quarter. Ascent Group LLC grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% in the 1st quarter. Ascent Group LLC now owns 5,404 shares of the company’s stock valued at $500,000 after buying an additional 116 shares during the last quarter. Sutton Place Investors LLC grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% in the 2nd quarter. Sutton Place Investors LLC now owns 2,755 shares of the company’s stock valued at $242,000 after buying an additional 457 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter valued at $185,000.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

(Get Free Report)

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.

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