JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 12-Month Low – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $81.74 and last traded at $82.00, with a volume of 22903 shares changing hands. The stock had previously closed at $85.87.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Stock Down 4.9 %

The firm has a market capitalization of $1.58 billion, a PE ratio of 17.92 and a beta of 1.12. The stock’s fifty day simple moving average is $95.28 and its 200 day simple moving average is $97.13.

Institutional Investors 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. Global Retirement Partners LLC raised 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 acquiring an additional 472 shares during the period. AdvisorNet Financial Inc bought a new stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter valued at $56,000. Richardson Financial Services Inc. lifted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,126.3% during the 4th quarter. Richardson Financial Services Inc. now owns 699 shares of the company’s stock valued at $67,000 after buying an additional 642 shares in the last quarter. IFP Advisors Inc boosted its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% in the 4th quarter. IFP Advisors Inc now owns 729 shares of the company’s stock worth $70,000 after buying an additional 163 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 143.3% in the 4th quarter. Farther Finance Advisors LLC now owns 944 shares of the company’s stock worth $91,000 after buying an additional 556 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.