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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw unusually-high trading volume on Wednesday . Approximately 280,986 shares traded hands during mid-day trading, an increase of 593% from the previous session’s volume of 40,553 shares.The stock last traded at $108.7560 and had previously closed at $108.82.

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

The firm has a market cap of $2.04 billion, a PE ratio of 18.31 and a beta of 1.12. The firm has a fifty day simple moving average of $105.67 and a two-hundred day simple moving average of $102.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mattson Financial Services LLC bought a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter worth $37,000. Geneos Wealth Management Inc. grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 26.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,260 shares of the company’s stock worth $114,000 after buying an additional 264 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter worth about $144,000. Thrive Wealth Management LLC bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter worth about $216,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 8.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,207 shares of the company’s stock valued at $313,000 after buying an additional 243 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.