JPMorgan BetaBuilders US Mid Cap Equity ETF Sees Significant Outflow of $85 Million

Funds Withdrawn from BBMC Reflect Fluctuating Investor Sentiment

Examining the week-over-week changes in shares outstanding for Exchange-Traded Funds (ETFs) at ETF Channel reveals that the JPMorgan BetaBuilders US Mid Cap Equity ETF (Symbol: BBMC) has experienced a noteworthy outflow of approximately $85 million. This withdrawal translates to a 4.3% decrease, dropping shares outstanding from 19,600,000 to 18,750,000. In today’s trading, key components of BBMC include Robinhood Markets Inc (Symbol: HOOD), which has decreased by 0.1%, Interactive Brokers Group Inc – Class A (Symbol: IBKR) down by 1.1%, and Natera Inc (Symbol: NTRA), which has fallen by 1.9%. To explore the complete list of holdings, visit the BBMC Holdings page »

The accompanying chart illustrates the one-year price performance of BBMC in comparison to its 200-day moving average:

BBMC’s share price has fluctuated between a low of $83.89 and a high of $105.68 over the past year. Recently, it closed at $100.04. Analysts often compare the current share price to the 200-day moving average to gauge market sentiment—learn more about the 200-day moving average ».

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Similar to stocks, ETFs are sold in “units.” These units can be exchanged freely in the market and can also be created or eliminated based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs experiencing significant inflows—indicating new units being created—or outflows, where older units are being retired. The creation of new units necessitates purchasing the ETF’s underlying holdings, while reducing units involves selling them, which can influence the performance of individual stocks within the ETF.

Click here to learn about 9 other ETFs that have seen significant outflows »

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.