JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 52-Week High – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $116.66 and last traded at $116.48, with a volume of 2150 shares trading hands. The stock had previously closed at $116.32.

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

The company has a market capitalization of $2.01 billion, a P/E ratio of 18.31 and a beta of 1.09. The company has a 50 day moving average of $112.09 and a 200-day moving average of $108.99.

Institutional Trading of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Several large investors have recently modified their holdings of BBMC. Royal Bank of Canada grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% in the first quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock worth $400,000 after purchasing an additional 4,428 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of 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 worth $1,382,000 after purchasing an additional 10,765 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter worth about $1,592,000. Raymond James Financial Inc. bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter worth about $144,000. Finally, Bank of America Corp DE grew its stake in shares of 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 worth $655,000 after purchasing an additional 216 shares during 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.