JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw unusually-high trading volume on Tuesday . Approximately 31,771 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 25,616 shares.The stock last traded at $112.7630 and had previously closed at $114.14.

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

The stock has a 50 day simple moving average of $107.70 and a two-hundred day simple moving average of $104.46. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BBMC. Jane Street Group LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter valued at $1,592,000. Goldman Sachs Group Inc. grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the 1st 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 period. Flow Traders U.S. LLC increased its position in shares of 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 worth $3,054,000 after purchasing an additional 9,807 shares during the last quarter. MGO One Seven LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter valued at about $567,000. Finally, IAG Wealth Partners LLC raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 105.0% in the 2nd quarter. IAG Wealth Partners LLC now owns 9,101 shares of the company’s stock valued at $887,000 after buying an additional 4,661 shares during the period.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile

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.