JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 12-Month High – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $124.38 and last traded at $124.32, with a volume of 5714 shares trading hands. The stock had previously closed at $124.32.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Down 2.0%

The company has a market cap of $2.09 billion, a P/E ratio of 18.31 and a beta of 1.08. The firm has a fifty day moving average price of $117.18 and a 200 day moving average price of $112.74.

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

A number of hedge funds and other institutional investors have recently modified their holdings of BBMC. Royal Bank of Canada raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% in the 1st 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. raised its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the first quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock worth $1,382,000 after acquiring an additional 10,765 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the first quarter valued at $1,592,000. Raymond James Financial Inc. acquired a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the second quarter valued at $144,000. Finally, Bank of America Corp DE boosted its holdings 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 acquiring an additional 216 shares during 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.