JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Hits New 52-Week High – What’s Next?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) hit a new 52-week high on Thursday . The stock traded as high as $102.29 and last traded at $102.1650, with a volume of 436 shares trading hands. The stock had previously closed at $101.67.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Performance

The firm has a market cap of $994.46 million, a P/E ratio of 34.86 and a beta of 1.02. The firm has a 50 day simple moving average of $95.87 and a 200 day simple moving average of $94.86.

Institutional Trading of JPMorgan BetaBuilders MSCI US REIT ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC lifted its stake 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 worth $56,000 after purchasing an additional 144 shares in the last quarter. Comerica Bank grew its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 100.8% during the 4th quarter. Comerica Bank now owns 767 shares of the company’s stock valued at $71,000 after purchasing an additional 385 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF in the second quarter worth $93,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF in the third quarter worth $115,000. Finally, 5T Wealth LLC bought a new stake in JPMorgan BetaBuilders MSCI US REIT ETF during the second quarter valued at $222,000.

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.