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

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw strong trading volume on Thursday . 39,621 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 32,708 shares.The stock last traded at $100.75 and had previously closed at $100.04.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 0.7 %

The company’s fifty day moving average price is $93.74 and its two-hundred day moving average price is $90.68. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BBMC. Janney Montgomery Scott LLC lifted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% in the third 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 during the period. Flow Traders U.S. LLC grew its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2,627.0% during the first quarter. Flow Traders U.S. LLC now owns 131,796 shares of the company’s stock valued at $12,185,000 after purchasing an additional 126,963 shares during the period. Ascent Group LLC lifted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% during the 1st quarter. Ascent Group LLC now owns 5,404 shares of the company’s stock valued at $500,000 after purchasing an additional 116 shares in the last quarter. Sutton Place Investors LLC grew its position in shares of 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 purchasing an additional 457 shares during the period. Finally, SageView Advisory Group LLC bought a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter worth approximately $185,000.

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.