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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw unusually-high trading volume on Tuesday . Approximately 173,010 shares changed hands during trading, an increase of 165% from the previous session’s volume of 65,322 shares.The stock last traded at $116.0540 and had previously closed at $115.54.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 0.1%

The firm’s 50 day moving average is $110.47 and its 200-day moving average is $105.90. The firm has a market cap of $2.02 billion, a PE ratio of 18.31 and a beta of 1.12.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in BBMC. Cornerstone Planning Group LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at $122,000. Raymond James Financial Inc. acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter valued at about $144,000. Geneos Wealth Management Inc. increased its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 29.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,630 shares of the company’s stock valued at $159,000 after acquiring an additional 370 shares during the last quarter. Ascent Group LLC lifted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 13.0% during the 3rd quarter. Ascent Group LLC now owns 3,171 shares of the company’s stock worth $330,000 after acquiring an additional 364 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock worth $313,000 after acquiring an additional 243 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.