JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 52-Week High – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $116.66 and last traded at $116.48, with a volume of 2150 shares trading hands. The stock had previously closed at $116.32.

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

The firm has a market cap of $2.06 billion, a P/E ratio of 18.31 and a beta of 1.09. The company’s 50 day moving average is $112.26 and its 200 day moving average is $109.14.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBMC. Kestra Advisory Services LLC bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter valued at approximately $106,000. Cornerstone Planning Group LLC bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter valued at approximately $122,000. Raymond James Financial Inc. bought a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter valued at approximately $144,000. Geneos Wealth Management Inc. lifted its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 29.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,630 shares of the company’s stock valued at $159,000 after purchasing an additional 370 shares during the last quarter. Finally, Ascent Group LLC lifted its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 13.0% in the 3rd quarter. Ascent Group LLC now owns 3,171 shares of the company’s stock valued at $330,000 after purchasing an additional 364 shares during the last quarter.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

(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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