JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Strong Trading Volume – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw unusually-high trading volume on Monday . 20,624 shares changed hands during mid-day trading, a decline of 45% from the previous session’s volume of 37,667 shares.The stock last traded at $124.62 and had previously closed at $125.02.

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

The stock has a market capitalization of $2.04 billion, a P/E ratio of 18.31 and a beta of 1.07. The stock’s fifty day moving average is $123.59 and its 200-day moving average is $116.97.

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

Several large investors have recently made changes to their positions in BBMC. Sanctuary Advisors LLC raised its stake in shares of 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 acquiring an additional 31,936 shares in the last quarter. Jane Street Group LLC bought a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter worth approximately $2,212,000. TBH Global Asset Management LLC bought a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter worth approximately $1,630,000. Goldman Sachs Group Inc. grew its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the first quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock valued at $1,382,000 after purchasing an additional 10,765 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 273.4% during the first quarter. Bank of America Corp DE now owns 12,640 shares of the company’s stock valued at $1,370,000 after purchasing an additional 9,255 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.