University of Texas Texas AM Investment Management Co. Acquires New Position in JPMorgan BetaBuilders MSCI US REIT ETF $BBRE

University of Texas Texas AM Investment Management Co. acquired a new stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,124,541 shares of the company’s stock, valued at approximately $211,711,000. JPMorgan BetaBuilders MSCI US REIT ETF accounts for 26.8% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its largest position. University of Texas Texas AM Investment Management Co. owned about 21.83% of JPMorgan BetaBuilders MSCI US REIT ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC lifted its position in JPMorgan BetaBuilders MSCI US REIT ETF by 802.1% in the first quarter. Bleakley Financial Group LLC now owns 282,087 shares of the company’s stock worth $26,993,000 after purchasing an additional 250,816 shares during the period. Mason & Associates Inc acquired a new stake in JPMorgan BetaBuilders MSCI US REIT ETF during the second quarter worth $26,504,000. Integrated Wealth Concepts LLC bought a new stake in JPMorgan BetaBuilders MSCI US REIT ETF in the 2nd quarter valued at $19,222,000. Concurrent Investment Advisors LLC increased its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 14.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 160,179 shares of the company’s stock valued at $16,693,000 after buying an additional 19,964 shares during the period. Finally, MBA Advisors LLC bought a new stake in JPMorgan BetaBuilders MSCI US REIT ETF in the 2nd quarter valued at $14,330,000.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Performance

Shares of BBRE stock opened at $105.21 on Monday. JPMorgan BetaBuilders MSCI US REIT ETF has a 52-week low of $91.82 and a 52-week high of $113.40. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 30.75 and a beta of 0.94. The firm has a fifty day moving average of $102.39 and a 200-day moving average of $103.27.

About JPMorgan BetaBuilders MSCI US REIT ETF

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.