JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Time to Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw unusually-strong trading volume on Thursday . Approximately 71,553 shares changed hands during trading, an increase of 87% from the previous session’s volume of 38,315 shares.The stock last traded at $99.17 and had previously closed at $100.66.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Down 1.1 %

The business has a 50 day moving average of $99.11 and a two-hundred day moving average of $96.59. The firm has a market cap of $1.83 billion, a P/E ratio of 16.22 and a beta of 1.15.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,072.7% in the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $50,000 after purchasing an additional 472 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter worth $56,000. Richardson Financial Services Inc. lifted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,126.3% during the 4th quarter. Richardson Financial Services Inc. now owns 699 shares of the company’s stock worth $67,000 after buying an additional 642 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% in the 4th quarter. IFP Advisors Inc now owns 729 shares of the company’s stock worth $70,000 after buying an additional 163 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 143.3% in the fourth quarter. Farther Finance Advisors LLC now owns 944 shares of the company’s stock valued at $91,000 after buying an additional 556 shares during the period.

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.