JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 52-Week High – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $107.40 and last traded at $107.57, with a volume of 597 shares changing hands. The stock had previously closed at $106.94.

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

The stock has a 50-day simple moving average of $104.56 and a 200 day simple moving average of $101.24. The company has a market cap of $2.02 billion, a P/E ratio of 18.31 and a beta of 1.12.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

A number of institutional investors have recently bought and sold shares of BBMC. Mattson Financial Services LLC acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter valued at $37,000. Geneos Wealth Management Inc. boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 26.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,260 shares of the company’s stock valued at $114,000 after acquiring an additional 264 shares in the last quarter. Raymond James Financial Inc. bought a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter valued at about $144,000. Thrive Wealth Management LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter worth about $216,000. Finally, Steward Partners Investment Advisory LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock worth $313,000 after purchasing an additional 243 shares in the last quarter.

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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