JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 52-Week High – Here’s What Happened

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) hit a new 52-week high on Tuesday . The stock traded as high as $127.18 and last traded at $127.18, with a volume of 460 shares. The stock had previously closed at $126.72.

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

The company has a market cap of $2.11 billion, a PE ratio of 18.31 and a beta of 1.07. The stock’s 50 day simple moving average is $121.88 and its two-hundred day simple moving average is $115.30.

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 the company. Sanctuary Advisors LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,507.1% during the 4th quarter. Sanctuary Advisors LLC now owns 34,055 shares of the company’s stock worth $3,631,000 after purchasing an additional 31,936 shares during the period. Jane Street Group LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter valued at approximately $2,212,000. TBH Global Asset Management LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter valued at approximately $1,630,000. Goldman Sachs Group Inc. grew its stake 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 period. Finally, Flow Traders U.S. LLC grew its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 50.1% during the third quarter. Flow Traders U.S. LLC now owns 29,366 shares of the company’s stock worth $3,054,000 after buying an additional 9,807 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.