JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 1-Year High at $94.19

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $94.19 and last traded at $94.19, with a volume of 1117 shares traded. The stock had previously closed at $92.76.

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

The stock has a fifty day moving average of $90.37 and a 200 day moving average of $89.35. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15.

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

Several hedge funds have recently added to or reduced their stakes in BBMC. Ascent Group LLC lifted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% in the 1st quarter. Ascent Group LLC now owns 5,404 shares of the company’s stock valued at $500,000 after buying an additional 116 shares during the period. Sutton Place Investors LLC raised its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% during 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 in the last quarter. Geneos Wealth Management Inc. acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the first quarter valued at approximately $58,000. SageView Advisory Group LLC purchased a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter worth approximately $185,000. Finally, Janney Montgomery Scott LLC boosted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 38.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 102,827 shares of the company’s stock worth $9,506,000 after purchasing an additional 28,518 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.