JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 1-Year High – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $116.58 and last traded at $116.58, with a volume of 5795 shares. The stock had previously closed at $115.34.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 1.1%

The stock has a market cap of $2.03 billion, a PE ratio of 18.31 and a beta of 1.12. The company’s fifty day moving average is $112.21 and its 200 day moving average is $107.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter worth approximately $106,000. Cornerstone Planning Group LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at $122,000. Raymond James Financial Inc. acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter valued at $144,000. Geneos Wealth Management Inc. increased its stake in 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 worth $159,000 after buying an additional 370 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock worth $313,000 after buying an additional 243 shares in the last quarter.

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.