JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Hits New 52-Week High – What’s Next?

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) reached a new 52-week high on Tuesday . The company traded as high as $119.55 and last traded at $119.48, with a volume of 7161 shares traded. The stock had previously closed at $118.26.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Down 1.9%

The business has a 50 day simple moving average of $113.13 and a two-hundred day simple moving average of $110.42. The firm has a market cap of $2.05 billion, a PE ratio of 18.31 and a beta of 1.08.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter worth $106,000. Cornerstone Planning Group LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter worth $122,000. Raymond James Financial Inc. bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter worth $144,000. Geneos Wealth Management Inc. grew its position 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 worth $159,000 after buying an additional 370 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter worth $443,000.

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.