JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BATS:BBMC) Stock Jumps 0.5% – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BATS:BBMC) was up 0.5% during mid-day trading on Monday. The company traded as high as $123.60 and last traded at $122.99. Approximately 20,375 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 33,956 shares. The stock had previously closed at $122.39.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 0.5%

The company’s 50-day simple moving average is $125.47 and its 200 day simple moving average is $121.76. The company has a market capitalization of $2.01 billion, a P/E ratio of 18.31 and a beta of 1.08.

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

A number of large investors have recently bought and sold shares of BBMC. Private Advisor Group LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the first quarter worth $443,000. Archer Investment Corp acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter worth about $490,000. Bank of America Corp DE lifted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 273.4% in the first quarter. Bank of America Corp DE now owns 12,640 shares of the company’s stock worth $1,370,000 after buying an additional 9,255 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 52.8% during the 2nd quarter. Citadel Advisors LLC now owns 19,405 shares of the company’s stock worth $2,467,000 after acquiring an additional 6,705 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 92.8% during the 1st quarter. Royal Bank of Canada now owns 6,149 shares of the company’s stock worth $667,000 after acquiring an additional 2,959 shares in 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.