JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 52-Week High – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $124.51 and last traded at $124.51, with a volume of 238 shares changing hands. The stock had previously closed at $120.29.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 0.5%

The stock’s fifty day moving average is $118.61 and its 200 day moving average is $113.46. The company has a market capitalization of $2.14 billion, a P/E ratio of 18.31 and a beta of 1.08.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBMC. Sanctuary Advisors LLC raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,507.1% during the 4th quarter. Sanctuary Advisors LLC now owns 34,055 shares of the company’s stock valued at $3,631,000 after buying an additional 31,936 shares during the last quarter. Jane Street Group LLC bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter worth $2,212,000. TBH Global Asset Management LLC bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter worth $1,630,000. Goldman Sachs Group Inc. raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% in 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 in the last quarter. Finally, Flow Traders U.S. LLC raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 50.1% in 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 in 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.