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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw strong trading volume on Monday . 74,196 shares traded hands during mid-day trading, an increase of 108% from the previous session’s volume of 35,594 shares.The stock last traded at $105.08 and had previously closed at $103.59.

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

The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15. The business’s 50 day moving average price is $96.76 and its 200 day moving average price is $92.04.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBMC. Janney Montgomery Scott LLC increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% in the third quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock valued at $13,236,000 after buying an additional 14,899 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 3rd quarter worth $991,000. Finally, Sutton Place Investors LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% during the second quarter. Sutton Place Investors LLC now owns 2,755 shares of the company’s stock worth $242,000 after acquiring an additional 457 shares during the period.

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.