JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 12-Month High – Should You Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $124.51 and last traded at $124.51, with a volume of 238 shares traded. The stock had previously closed at $120.29.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 1.0%

The firm has a market cap of $2.15 billion, a P/E ratio of 18.31 and a beta of 1.08. The business has a 50-day moving average price of $118.92 and a 200-day moving average price of $113.54.

Institutional Investors Weigh In On JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 116 shares during the period. Bank of America Corp DE raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% in the second quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock valued at $655,000 after purchasing an additional 216 shares during the period. LPL Financial LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 28,925 shares of the company’s stock valued at $3,084,000 after purchasing an additional 634 shares during the period. Triad Wealth Partners LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 15.3% in the first 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 during the period. Finally, MGO One Seven LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.4% in the fourth quarter. MGO One Seven LLC now owns 7,589 shares of the company’s stock valued at $809,000 after purchasing an additional 777 shares during the period.

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.