JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 1-Year High – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $127.18 and last traded at $127.18, with a volume of 460 shares changing hands. The stock had previously closed at $126.72.

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

The company has a market capitalization of $2.18 billion, a PE ratio of 18.31 and a beta of 1.08. The firm’s 50-day simple moving average is $121.56 and its 200 day simple moving average is $115.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBMC. Sanctuary Advisors LLC boosted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,507.1% during the 4th quarter. Sanctuary Advisors LLC now owns 34,055 shares of the company’s stock worth $3,631,000 after acquiring an additional 31,936 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter worth approximately $2,212,000. TBH Global Asset Management LLC purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter worth approximately $1,630,000. Goldman Sachs Group Inc. raised its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock worth $1,382,000 after purchasing an additional 10,765 shares during the last quarter. Finally, Flow Traders U.S. LLC raised its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 50.1% during 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 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.