JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – What’s Next?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw unusually-high trading volume on Monday . Approximately 18,138 shares were traded during trading, an increase of 48% from the previous session’s volume of 12,248 shares.The stock last traded at $94.84 and had previously closed at $95.77.

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

The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15. The company has a 50-day moving average of $100.06 and a 200-day moving average of $94.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AdvisorNet Financial Inc purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at about $56,000. Sanctuary Advisors LLC acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 3rd quarter valued at about $991,000. Park Avenue Securities LLC purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter valued at about $1,244,000. ACT Advisors LLC. increased its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 49.0% during the 4th quarter. ACT Advisors LLC. now owns 13,820 shares of the company’s stock valued at $1,330,000 after acquiring an additional 4,546 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% during the third quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock worth $13,236,000 after acquiring an additional 14,899 shares during 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.