JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Hits New 12-Month High – Should You Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $115.74 and last traded at $115.60, with a volume of 5344 shares trading hands. The stock had previously closed at $115.22.

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

The business’s 50-day moving average is $110.29 and its two-hundred day moving average is $105.79. The stock has a market capitalization of $2.02 billion, a PE ratio of 18.31 and a beta of 1.12.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BBMC. MGO One Seven LLC boosted its holdings in 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 worth $809,000 after buying an additional 777 shares in the last quarter. Cornerstone Planning Group LLC acquired a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter worth approximately $122,000. Sanctuary Advisors LLC increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,507.1% in the 4th quarter. Sanctuary Advisors LLC now owns 34,055 shares of the company’s stock valued at $3,631,000 after purchasing an additional 31,936 shares in the last quarter. TBH Global Asset Management LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter worth $1,630,000. Finally, Geneos Wealth Management Inc. raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 5.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,252 shares of the company’s stock worth $240,000 after purchasing an additional 116 shares during the last quarter.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

(Get Free Report)

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.

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