JPMorgan Chase & Co. Sells 733,729 Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC)

JPMorgan Chase & Co. lowered its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,375,918 shares of the company’s stock after selling 733,729 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.95% of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF worth $1,672,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BBMC. Global Retirement Partners LLC boosted its holdings in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,072.7% in the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $50,000 after buying an additional 472 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the 4th quarter worth $56,000. Richardson Financial Services Inc. grew its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 1,126.3% during the 4th quarter. Richardson Financial Services Inc. now owns 699 shares of the company’s stock valued at $67,000 after acquiring an additional 642 shares during the period. IFP Advisors Inc increased its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 28.8% in the 4th quarter. IFP Advisors Inc now owns 729 shares of the company’s stock worth $70,000 after purchasing an additional 163 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 143.3% in the 4th quarter. Farther Finance Advisors LLC now owns 944 shares of the company’s stock worth $91,000 after purchasing an additional 556 shares during the period.

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

NYSEARCA:BBMC opened at $92.01 on Friday. The stock has a 50-day simple moving average of $96.77 and a two-hundred day simple moving average of $97.17. The firm has a market capitalization of $1.79 billion, a PE ratio of 17.65 and a beta of 1.12. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF has a 52-week low of $83.89 and a 52-week high of $105.68.

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

The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were issued a $0.1961 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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.