JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Here’s Why

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw unusually-strong trading volume on Wednesday . Approximately 205,425 shares changed hands during mid-day trading, an increase of 475% from the previous session’s volume of 35,730 shares.The stock last traded at $102.35 and had previously closed at $101.75.

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

The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15. The firm’s 50-day simple moving average is $99.07 and its two-hundred day simple moving average is $93.12.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BBMC. Janney Montgomery Scott LLC boosted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock valued at $13,236,000 after purchasing an additional 14,899 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the third quarter valued at approximately $991,000. Finally, Sutton Place Investors LLC boosted its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% in the second quarter. Sutton Place Investors LLC now owns 2,755 shares of the company’s stock valued at $242,000 after acquiring an additional 457 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.