JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Trading Up 3.8% – Still a Buy?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBREGet Free Report) rose 3.8% during mid-day trading on Thursday . The company traded as high as $94.28 and last traded at $95.5790. Approximately 7,630 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 29,958 shares. The stock had previously closed at $92.1040.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Performance

The company has a market cap of $941.63 million, a price-to-earnings ratio of 34.86 and a beta of 1.02. The company’s 50 day moving average price is $93.82 and its 200 day moving average price is $93.85.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Several institutional investors have recently bought and sold shares of BBRE. Raymond James Financial Inc. bought a new stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the 2nd quarter worth about $93,000. Comerica Bank lifted its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 18.0% in the 1st quarter. Comerica Bank now owns 1,024 shares of the company’s stock worth $96,000 after purchasing an additional 156 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in JPMorgan BetaBuilders MSCI US REIT ETF in the 3rd quarter worth approximately $115,000. 5T Wealth LLC bought a new stake in JPMorgan BetaBuilders MSCI US REIT ETF during the second quarter worth approximately $222,000. Finally, Osaic Holdings Inc. boosted its position in JPMorgan BetaBuilders MSCI US REIT ETF by 66.4% during the second quarter. Osaic Holdings Inc. now owns 2,438 shares of the company’s stock worth $225,000 after purchasing an additional 973 shares during the period.

About JPMorgan BetaBuilders MSCI US REIT ETF

(Get Free Report)

The JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE) is an exchange-traded fund that is based on the MSCI US REIT Custom Capped index, a market-cap-weighted index of small-, mid-, and large-cap companies involved in the ownership or management of US real estate. BBRE was launched on Jun 15, 2018 and is managed by JPMorgan Chase.

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