JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Should You Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw unusually-strong trading volume on Thursday . Approximately 71,553 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 38,315 shares.The stock last traded at $99.17 and had previously closed at $100.66.

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

The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15. The firm’s fifty day moving average is $98.97 and its 200-day moving average is $96.69.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% during the fourth quarter. IFP Advisors Inc now owns 729 shares of the company’s stock worth $70,000 after acquiring an additional 163 shares in the last quarter. Sutton Place Investors LLC increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 7.2% during the fourth quarter. Sutton Place Investors LLC now owns 3,504 shares of the company’s stock worth $337,000 after acquiring an additional 235 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,311 shares of the company’s stock worth $222,000 after acquiring an additional 383 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,072.7% during the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $50,000 after acquiring an additional 472 shares in the last quarter. Finally, Bank of America Corp DE grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 60.0% in the 4th 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 in 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.