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

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw strong trading volume on Wednesday . 90,209 shares traded hands during trading, an increase of 130% from the previous session’s volume of 39,226 shares.The stock last traded at $89.94 and had previously closed at $90.16.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Down 0.1 %

The firm has a market cap of $1.68 billion, a P/E ratio of 18.44 and a beta of 1.11. The business has a 50-day moving average price of $98.10 and a 200-day moving average price of $97.22.

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

A number of large investors have recently modified their holdings of BBMC. Janney Montgomery Scott LLC lifted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 113.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 299,454 shares of the company’s stock worth $28,816,000 after purchasing an additional 159,345 shares in the last quarter. LPL Financial LLC lifted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,484.6% during the fourth quarter. LPL Financial LLC now owns 292,159 shares of the company’s stock worth $28,114,000 after purchasing an additional 273,722 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 429.5% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 122,153 shares of the company’s stock worth $11,755,000 after purchasing an additional 99,083 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2,531.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 119,831 shares of the company’s stock worth $11,531,000 after purchasing an additional 115,277 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 377.4% during the fourth quarter. Assetmark Inc. now owns 94,080 shares of the company’s stock worth $9,053,000 after purchasing an additional 74,374 shares in 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.