JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw an uptick in trading volume on Friday . 94,713 shares traded hands during mid-day trading, an increase of 69% from the previous session’s volume of 55,963 shares.The stock last traded at $95.00 and had previously closed at $94.58.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Trading Up 1.1%

The stock has a market capitalization of $1.86 billion, a PE ratio of 18.19 and a beta of 1.12. The company’s 50-day moving average is $88.68 and its 200 day moving average is $95.52.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock worth $1,382,000 after buying an additional 10,765 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 1st quarter worth approximately $19,581,000. Royal Bank of Canada raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% during the 1st quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock worth $400,000 after buying an additional 4,428 shares during the last quarter. Flow Traders U.S. LLC increased its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 259.9% during the 1st quarter. Flow Traders U.S. LLC now owns 45,500 shares of the company’s stock valued at $4,100,000 after purchasing an additional 32,858 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 18,221,194 shares of the company’s stock valued at $1,642,094,000 after purchasing an additional 845,276 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.