JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 52-Week 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 stock traded as high as $124.51 and last traded at $124.51, with a volume of 238 shares trading hands. The stock had previously closed at $120.29.

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

The firm’s 50 day moving average is $118.61 and its 200 day moving average is $113.46. The company has a market cap of $2.14 billion, a PE ratio of 18.31 and a beta of 1.08.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Several hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 5.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,252 shares of the company’s stock worth $240,000 after purchasing an additional 116 shares in the last quarter. Bank of America Corp DE raised its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% in the second quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock valued at $655,000 after purchasing an additional 216 shares in the last quarter. LPL Financial LLC increased its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% in the 4th quarter. LPL Financial LLC now owns 28,925 shares of the company’s stock worth $3,084,000 after buying an additional 634 shares during the last quarter. Triad Wealth Partners LLC increased its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% in the 1st quarter. Triad Wealth Partners LLC now owns 5,290 shares of the company’s stock worth $573,000 after buying an additional 702 shares during the last quarter. Finally, MGO One Seven LLC raised its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.4% during the 4th quarter. MGO One Seven LLC now owns 7,589 shares of the company’s stock valued at $809,000 after buying an additional 777 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.