JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 52-Week Low – Time to Sell?

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report) hit a new 52-week low on Friday . The company traded as low as $81.74 and last traded at $82.00, with a volume of 22903 shares. The stock had previously closed at $85.87.

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

The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 17.92 and a beta of 1.12. The company’s fifty day moving average price is $95.28 and its 200-day moving average price is $97.13.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BBMC. B. Riley Wealth Advisors Inc. purchased a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter valued at $278,000. Ascent Group LLC lifted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 59.5% during the 4th quarter. Ascent Group LLC now owns 4,850 shares of the company’s stock worth $467,000 after acquiring an additional 1,809 shares during the period. Cetera Investment Advisers purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter valued at about $2,566,000. Bank of America Corp DE lifted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 60.0% during the fourth quarter. Bank of America Corp DE now owns 1,290 shares of the company’s stock worth $124,000 after purchasing an additional 484 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the fourth quarter valued at approximately $248,000.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile

(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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