JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw unusually-strong trading volume on Tuesday . Approximately 26,119 shares changed hands during mid-day trading, an increase of 19% from the previous session’s volume of 22,031 shares.The stock last traded at $112.6850 and had previously closed at $112.31.

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

The company has a market cap of $1.93 billion, a PE ratio of 18.31 and a beta of 1.12. The stock’s 50-day moving average is $107.33 and its 200 day moving average is $104.17.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 174,864 shares of the company’s stock valued at $17,041,000 after acquiring an additional 3,198 shares during the period. Flow Traders U.S. LLC grew its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 50.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 29,366 shares of the company’s stock valued at $3,054,000 after purchasing an additional 9,807 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter valued at about $1,592,000. Goldman Sachs Group Inc. raised its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% in the first quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock worth $1,382,000 after purchasing an additional 10,765 shares during the last quarter. Finally, ACT Advisors LLC. raised its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 0.9% in the second quarter. ACT Advisors LLC. now owns 14,202 shares of the company’s stock worth $1,384,000 after purchasing an additional 126 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.