JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw an uptick in trading volume on Wednesday . 190,360 shares were traded during trading, an increase of 951% from the previous session’s volume of 18,114 shares.The stock last traded at $100.49 and had previously closed at $100.17.

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

The stock has a market cap of $1.84 billion, a P/E ratio of 16.22 and a beta of 1.15. The firm’s fifty day simple moving average is $99.68 and its 200-day simple moving average is $95.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BBMC. Prosperity Wealth Management Inc. grew its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 13.1% in the fourth quarter. Prosperity Wealth Management Inc. now owns 7,782 shares of the company’s stock worth $749,000 after purchasing an additional 902 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 429.5% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 122,153 shares of the company’s stock valued at $11,755,000 after buying an additional 99,083 shares during the period. Assetmark Inc. increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 377.4% in the 4th quarter. Assetmark Inc. now owns 94,080 shares of the company’s stock valued at $9,053,000 after buying an additional 74,374 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,311 shares of the company’s stock valued at $222,000 after buying an additional 383 shares in the last quarter. Finally, Private Trust Co. NA acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter worth approximately $98,000.

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.