JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC)
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $129.21, up 0.42% on the session, giving a market capitalisation of $2.20B. Its beta of 1.08 implies it has historically moved more than the broad market.
BBMC is passively managed to track an index that targets mid-cap companies in the US equity market across various sectors. The index primarily considers stocks that fall between the 85th and 95th percentiles in market-cap of the US investible universe, although, large- and small-cap stocks may be included as well. The equity securities can include common stock, preferred stock, and REITs. As a part of the BetaBuilders suite, BBMC provides plain-vanilla exposure to mid-cap equities and can be used as a core holding or as a complement to BBUS and BBSC which covers the total market and small-cap segments of the US equity market respectively. The fund may invest up to 20% in futures to more closely track the index. The index is rebalanced quarterly.
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF is most often compared with the following Financial Services names: