JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – What’s Next?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares saw unusually-high trading volume on Thursday . Approximately 148,643 shares changed hands during mid-day trading, an increase of 266% from the previous session’s volume of 40,572 shares.The stock last traded at $92.34 and had previously closed at $92.61.

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

The stock has a market capitalization of $1.75 billion, a PE ratio of 17.65 and a beta of 1.12. The company’s 50 day moving average price is $96.58 and its two-hundred day moving average price is $97.18.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a dividend of $0.1961 per share. The ex-dividend date was Tuesday, March 25th.

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

A number of institutional investors have recently bought and sold shares of BBMC. IFP Advisors Inc raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% in the fourth quarter. IFP Advisors Inc now owns 729 shares of the company’s stock valued at $70,000 after purchasing an additional 163 shares during the period. Sutton Place Investors LLC boosted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 7.2% in the fourth quarter. Sutton Place Investors LLC now owns 3,504 shares of the company’s stock valued at $337,000 after purchasing an additional 235 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,311 shares of the company’s stock valued at $222,000 after purchasing an additional 383 shares in the last quarter. Global Retirement Partners LLC increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,072.7% during the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $50,000 after buying an additional 472 shares during the period. Finally, Bank of America Corp DE lifted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 60.0% during the 4th quarter. Bank of America Corp DE now owns 1,290 shares of the company’s stock worth $124,000 after buying an additional 484 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.