JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Hits New 52-Week High – Should You Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) reached a new 52-week high on Wednesday . The company traded as high as $108.63 and last traded at $108.9050, with a volume of 13218 shares trading hands. The stock had previously closed at $107.06.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 1.7%

The stock has a 50-day simple moving average of $104.69 and a two-hundred day simple moving average of $101.54. The firm has a market cap of $2.04 billion, a PE ratio of 18.31 and a beta of 1.12.

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

Several hedge funds and other institutional investors have recently bought and sold shares of BBMC. Mattson Financial Services LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter worth approximately $37,000. Geneos Wealth Management Inc. grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 26.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,260 shares of the company’s stock worth $114,000 after acquiring an additional 264 shares during the period. Raymond James Financial Inc. bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter worth approximately $144,000. Thrive Wealth Management LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter worth approximately $216,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock valued at $313,000 after purchasing an additional 243 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.