JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Reaches New 1-Year High – Still a Buy?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $102.98 and last traded at $102.98, with a volume of 269 shares trading hands. The stock had previously closed at $101.94.

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

The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 16.22 and a beta of 1.15. The firm’s fifty day moving average is $96.28 and its 200-day moving average is $91.81.

Institutional Trading of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

Institutional investors have recently added to or reduced their stakes in the business. Sutton Place Investors LLC increased its stake 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 purchasing an additional 457 shares during the last quarter. Ascent Group LLC increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% during the first quarter. Ascent Group LLC now owns 5,404 shares of the company’s stock valued at $500,000 after purchasing an additional 116 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% during the third quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock valued at $13,236,000 after purchasing an additional 14,899 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.