JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 12-Month High – Still a Buy?

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) hit a new 52-week high during trading on Tuesday . The company traded as high as $128.01 and last traded at $128.01, with a volume of 1737 shares trading hands. The stock had previously closed at $125.60.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Down 0.5%

The company’s 50-day moving average is $124.72 and its two-hundred day moving average is $118.05. The firm has a market cap of $2.08 billion, a P/E ratio of 18.31 and a beta of 1.08.

Institutional Trading of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in BBMC. Geneos Wealth Management Inc. boosted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 5.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,252 shares of the company’s stock worth $240,000 after acquiring an additional 116 shares during the period. Bank of America Corp DE increased its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% in the 2nd quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock worth $655,000 after buying an additional 216 shares during the last quarter. LPL Financial LLC increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% during the 4th quarter. LPL Financial LLC now owns 28,925 shares of the company’s stock valued at $3,084,000 after purchasing an additional 634 shares during the last quarter. Triad Wealth Partners LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% during the 1st quarter. Triad Wealth Partners LLC now owns 5,290 shares of the company’s stock valued at $573,000 after purchasing an additional 702 shares during the last quarter. Finally, MGO One Seven LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.4% during the fourth quarter. MGO One Seven LLC now owns 7,589 shares of the company’s stock valued at $809,000 after buying an additional 777 shares during the last quarter.

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.