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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw unusually-high trading volume on Monday . Approximately 23,685 shares changed hands during mid-day trading, an increase of 577% from the previous session’s volume of 3,497 shares.The stock last traded at $109.33 and had previously closed at $108.12.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Down 0.8%

The company has a 50 day simple moving average of $106.29 and a 200-day simple moving average of $103.55. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter worth $1,592,000. Gradient Investments LLC acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter worth $1,123,000. Goldman Sachs Group Inc. increased its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the first quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock worth $1,382,000 after buying an additional 10,765 shares during the last quarter. Flow Traders U.S. LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 50.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 29,366 shares of the company’s stock valued at $3,054,000 after acquiring an additional 9,807 shares in the last quarter. Finally, MGO One Seven LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter valued at approximately $567,000.

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.