JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 1-Year High – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $124.38 and last traded at $124.32, with a volume of 5714 shares traded. The stock had previously closed at $124.32.

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

The stock has a fifty day simple moving average of $117.18 and a 200-day simple moving average of $112.74. The stock has a market cap of $2.09 billion, a P/E ratio of 18.31 and a beta of 1.08.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Several institutional investors have recently bought and sold shares of BBMC. Sanctuary Advisors LLC grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,507.1% during the 4th quarter. Sanctuary Advisors LLC now owns 34,055 shares of the company’s stock worth $3,631,000 after acquiring an additional 31,936 shares in the last quarter. Flow Traders U.S. LLC lifted 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 worth $3,054,000 after purchasing an additional 9,807 shares in the last quarter. LPL Financial LLC boosted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% during the fourth quarter. LPL Financial LLC now owns 28,925 shares of the company’s stock worth $3,084,000 after purchasing an additional 634 shares during the last quarter. Jane Street Group LLC bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at $2,212,000. Finally, Goldman Sachs Group Inc. grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% in 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.

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.