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

Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) hit a new 52-week high during 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 Stock Up 1.6 %

The company has a market capitalization of $1.90 billion, a P/E ratio of 16.22 and a beta of 1.15. The firm has a 50-day moving average price of $96.28 and a two-hundred day moving average price of $91.81.

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

Several hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 11.9% in the third quarter. Janney Montgomery Scott LLC now owns 140,109 shares of the company’s stock valued at $13,236,000 after acquiring an additional 14,899 shares during the period. Sutton Place Investors LLC lifted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% in the second quarter. Sutton Place Investors LLC now owns 2,755 shares of the company’s stock worth $242,000 after purchasing an additional 457 shares during the period. Finally, Ascent Group LLC lifted its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 2.2% in the first quarter. Ascent Group LLC now owns 5,404 shares of the company’s stock worth $500,000 after purchasing an additional 116 shares during the period.

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.