JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sees Large Volume Increase – What’s Next?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) saw unusually-strong trading volume on Thursday . Approximately 148,643 shares changed hands during mid-day trading, an increase of 266% from the previous session’s volume of 40,572 shares.The stock last traded at $92.34 and had previously closed at $92.61.

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

The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 17.65 and a beta of 1.12. The business’s 50 day moving average is $96.92 and its 200 day moving average is $97.20.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th will be given a $0.1961 dividend. The ex-dividend date is Tuesday, March 25th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AdvisorNet Financial Inc purchased a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter valued at about $56,000. IFP Advisors Inc boosted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% during the fourth quarter. IFP Advisors Inc now owns 729 shares of the company’s stock worth $70,000 after purchasing an additional 163 shares during the period. Global Retirement Partners LLC grew its position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,072.7% during the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $50,000 after purchasing an additional 472 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 19.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,311 shares of the company’s stock valued at $222,000 after buying an additional 383 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 4th quarter valued at approximately $404,000.

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.