JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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 Stock Down 0.2 %

The business has a 50-day moving average price of $97.59 and a 200-day moving average price of $92.42. The firm has a market capitalization of $1.91 billion, a price-to-earnings 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 modified their holdings of BBMC. Sutton Place Investors LLC increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% during 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 in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the third quarter valued at $991,000. Finally, Janney Montgomery Scott LLC increased its position 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.

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.