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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw an uptick in trading volume on Monday . 121,959 shares were traded during trading, an increase of 203% from the previous session’s volume of 40,274 shares.The stock last traded at $102.9150 and had previously closed at $99.77.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 1.4%

The company has a market cap of $1.94 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12. The company’s fifty day moving average price is $104.26 and its two-hundred day moving average price is $100.47.

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

Several large investors have recently bought and sold shares of BBMC. Mattson Financial Services LLC bought a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter valued at about $37,000. Geneos Wealth Management Inc. boosted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 26.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,260 shares of the company’s stock worth $114,000 after buying an additional 264 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 2nd quarter worth about $144,000. Thrive Wealth Management LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter valued at about $216,000. Finally, Ascent Group LLC raised its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 13.0% in the 3rd quarter. Ascent Group LLC now owns 3,171 shares of the company’s stock valued at $330,000 after acquiring an additional 364 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.