JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Hits New 1-Year High – Still a Buy?

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $122.76 and last traded at $122.76, with a volume of 570 shares changing hands. The stock had previously closed at $120.94.

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

The business has a fifty day moving average price of $115.64 and a 200 day moving average price of $112.06. The company has a market capitalization of $2.11 billion, a PE ratio of 18.31 and a beta of 1.08.

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

Large investors have recently modified their holdings of the company. Flow Traders U.S. LLC raised its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 50.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 29,366 shares of the company’s stock worth $3,054,000 after purchasing an additional 9,807 shares during the period. Triad Wealth Partners LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter worth approximately $489,000. Sanctuary Advisors LLC increased its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,507.1% in the fourth quarter. Sanctuary Advisors LLC now owns 34,055 shares of the company’s stock worth $3,631,000 after buying an additional 31,936 shares during the last quarter. TBH Global Asset Management LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter worth about $1,630,000. Finally, Geneos Wealth Management Inc. increased its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 5.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,252 shares of the company’s stock valued at $240,000 after buying an additional 116 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.