JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Strong Trading Volume – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw an uptick in trading volume on Monday . 165,629 shares were traded during trading, an increase of 258% from the previous session’s volume of 46,256 shares.The stock last traded at $119.07 and had previously closed at $118.80.

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

The stock’s fifty day simple moving average is $112.39 and its 200-day simple moving average is $109.41. The firm has a market cap of $2.05 billion, a PE ratio of 18.31 and a beta of 1.09.

Hedge Funds 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 grew its stake in 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 during the period. Jane Street Group LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter worth $2,212,000. TBH Global Asset Management LLC purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter valued at $1,630,000. Goldman Sachs Group Inc. lifted 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 in the last quarter. Finally, Flow Traders U.S. LLC grew its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 50.1% in the third quarter. Flow Traders U.S. LLC now owns 29,366 shares of the company’s stock valued at $3,054,000 after purchasing an additional 9,807 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.