JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – Still a Buy?

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw unusually-strong trading volume on Monday . Approximately 18,138 shares traded hands during trading, an increase of 48% from the previous session’s volume of 12,248 shares.The stock last traded at $94.84 and had previously closed at $95.77.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Up 0.1 %

The firm’s 50-day moving average price is $100.03 and its 200 day moving average price is $94.59. The firm has a market cap of $1.76 billion, a P/E ratio of 16.22 and a beta of 1.15.

Hedge Funds Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 3rd quarter valued at about $991,000. ACT Advisors LLC. lifted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 49.0% in the 4th quarter. ACT Advisors LLC. now owns 13,820 shares of the company’s stock valued at $1,330,000 after acquiring an additional 4,546 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock valued at $13,236,000 after acquiring an additional 14,899 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.