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

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw an uptick in trading volume on Thursday . 41,059 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 42,481 shares.The stock last traded at $99.83 and had previously closed at $99.79.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 0.3 %

The firm has a market capitalization of $1.83 billion, a P/E ratio of 16.22 and a beta of 1.15. The company has a 50 day simple moving average of $99.32 and a two-hundred day simple moving average of $96.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter valued at approximately $56,000. Janney Montgomery Scott LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 113.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 299,454 shares of the company’s stock valued at $28,816,000 after acquiring an additional 159,345 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 3rd quarter valued at approximately $991,000. TFB Advisors LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter valued at approximately $208,000. Finally, Sutton Place Investors LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 7.2% during the 4th quarter. Sutton Place Investors LLC now owns 3,504 shares of the company’s stock valued at $337,000 after acquiring an additional 235 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.