JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Trading Up 0.4% – Still a Buy?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) shares were up 0.4% during mid-day trading on Tuesday . The company traded as high as $97.63 and last traded at $97.54. Approximately 2,862 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 32,942 shares. The stock had previously closed at $97.11.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Up 0.4%

The stock’s 50-day moving average is $98.44 and its 200-day moving average is $95.73. The stock has a market cap of $949.06 million, a P/E ratio of 34.86 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BBRE. Aptus Capital Advisors LLC lifted its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 31.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 604 shares of the company’s stock valued at $56,000 after acquiring an additional 144 shares during the last quarter. 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 valued at $96,000 after acquiring an additional 156 shares during the last quarter. Sigma Planning Corp lifted its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 8.1% in the 4th quarter. Sigma Planning Corp now owns 3,562 shares of the company’s stock valued at $330,000 after acquiring an additional 266 shares during the last quarter. Compound Planning Inc. lifted its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 16.1% in the 4th quarter. Compound Planning Inc. now owns 4,294 shares of the company’s stock valued at $398,000 after acquiring an additional 596 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 8.0% in the 4th quarter. Orion Porfolio Solutions LLC now owns 10,349 shares of the company’s stock valued at $958,000 after acquiring an additional 767 shares during the last quarter.

JPMorgan BetaBuilders MSCI US REIT ETF Company Profile

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.