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

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares reached a new 52-week high during trading on Friday . The stock traded as high as $124.38 and last traded at $124.32, with a volume of 5714 shares trading hands. The stock had previously closed at $124.32.

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

The firm has a fifty day moving average price of $117.40 and a 200 day moving average price of $112.80. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 18.31 and a beta of 1.08.

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

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 273.4% in the 1st quarter. Bank of America Corp DE now owns 12,640 shares of the company’s stock valued at $1,370,000 after purchasing an additional 9,255 shares in the last quarter. Royal Bank of Canada increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 92.8% in the 1st quarter. Royal Bank of Canada now owns 6,149 shares of the company’s stock valued at $667,000 after purchasing an additional 2,959 shares in the last quarter. Archer Investment Corp purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter valued at approximately $490,000. Private Advisor Group LLC purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter valued at approximately $443,000. Finally, Triad Wealth Partners LLC increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% in the 1st quarter. Triad Wealth Partners LLC now owns 5,290 shares of the company’s stock valued at $573,000 after purchasing an additional 702 shares in the last quarter.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile

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.