JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw strong trading volume on Wednesday . 90,209 shares changed hands during trading, an increase of 130% from the previous session’s volume of 39,226 shares.The stock last traded at $89.94 and had previously closed at $90.16.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Down 0.1 %

The business has a fifty day moving average of $98.10 and a 200-day moving average of $97.22. The company has a market cap of $1.68 billion, a PE ratio of 18.44 and a beta of 1.11.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,072.7% in the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $50,000 after purchasing an additional 472 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter valued at approximately $56,000. Richardson Financial Services Inc. grew its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,126.3% in the fourth quarter. Richardson Financial Services Inc. now owns 699 shares of the company’s stock worth $67,000 after purchasing an additional 642 shares during the last quarter. IFP Advisors Inc increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% in the 4th quarter. IFP Advisors Inc now owns 729 shares of the company’s stock valued at $70,000 after acquiring an additional 163 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 143.3% in the fourth quarter. Farther Finance Advisors LLC now owns 944 shares of the company’s stock valued at $91,000 after purchasing an additional 556 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.