JPMorgan Chase & Co. Cuts Stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC)

JPMorgan Chase & Co. cut its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,375,918 shares of the company’s stock after selling 733,729 shares during the quarter. JPMorgan Chase & Co. owned about 94.54% of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF worth $1,672,081,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Global Retirement Partners LLC lifted its position in 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 valued at $50,000 after acquiring an additional 472 shares in the last quarter. AdvisorNet Financial Inc bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the fourth quarter valued at $56,000. Richardson Financial Services Inc. boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,126.3% during the fourth quarter. Richardson Financial Services Inc. now owns 699 shares of the company’s stock valued at $67,000 after buying an additional 642 shares during the last quarter. IFP Advisors Inc increased its holdings in 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 worth $70,000 after buying an additional 163 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 143.3% in the 4th quarter. Farther Finance Advisors LLC now owns 944 shares of the company’s stock worth $91,000 after buying an additional 556 shares during the last quarter.

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

BBMC opened at $92.01 on Friday. The company’s 50-day simple moving average is $96.77 and its two-hundred day simple moving average is $97.17. The stock has a market capitalization of $1.79 billion, a P/E ratio of 17.65 and a beta of 1.12. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF has a 52-week low of $83.89 and a 52-week high of $105.68.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a dividend of $0.1961 per share. The ex-dividend date was Tuesday, March 25th.

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.