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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $107.40 and last traded at $107.57, with a volume of 597 shares trading hands. The stock had previously closed at $106.94.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 0.6%

The stock’s 50 day moving average price is $104.39 and its 200 day moving average price is $101.11. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.31 and a beta of 1.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BBMC. Mattson Financial Services LLC acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the first quarter worth about $37,000. Geneos Wealth Management Inc. increased its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 26.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,260 shares of the company’s stock valued at $114,000 after purchasing an additional 264 shares during the period. Raymond James Financial Inc. acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the second quarter worth approximately $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 $216,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock worth $313,000 after acquiring an additional 243 shares during the period.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

(Get Free Report)

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.

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