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) saw unusually-high trading volume on Tuesday . Approximately 314,000 shares changed hands during trading, an increase of 1,384% from the previous session’s volume of 21,165 shares.The stock last traded at $113.0590 and had previously closed at $113.08.

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

The stock’s 50-day moving average is $108.69 and its two-hundred day moving average is $104.96. The company has a market cap of $1.91 billion, a P/E ratio of 18.31 and a beta of 1.12.

Institutional Trading of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Several large investors have recently modified their holdings of BBMC. Bank of America Corp DE grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock valued at $655,000 after acquiring an additional 216 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock valued at $313,000 after purchasing an additional 243 shares in the last quarter. Ascent Group LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 13.0% in the third quarter. Ascent Group LLC now owns 3,171 shares of the company’s stock worth $330,000 after purchasing an additional 364 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 29.4% in the second quarter. Geneos Wealth Management Inc. now owns 1,630 shares of the company’s stock worth $159,000 after purchasing an additional 370 shares in the last quarter. Finally, MGO One Seven LLC raised its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 17.1% during the 3rd quarter. MGO One Seven LLC now owns 6,812 shares of the company’s stock valued at $708,000 after purchasing an additional 993 shares during the period.

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.