JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Unusually-High Trading Volume – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw unusually-strong trading volume on Monday . Approximately 18,138 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 12,248 shares.The stock last traded at $94.84 and had previously closed at $95.77.

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

The stock’s 50-day moving average is $100.03 and its 200 day moving average is $94.59. The stock has a market capitalization of $1.76 billion, a PE ratio of 16.22 and a beta of 1.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BBMC. Janney Montgomery Scott LLC grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock worth $13,236,000 after purchasing an additional 14,899 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 3rd quarter worth $991,000. Finally, ACT Advisors LLC. grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 49.0% during the 4th quarter. ACT Advisors LLC. now owns 13,820 shares of the company’s stock worth $1,330,000 after purchasing an additional 4,546 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.