JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Sets New 12-Month High – Time to Buy?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $107.07 and last traded at $107.07, with a volume of 11287 shares changing hands. The stock had previously closed at $104.24.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Down 0.0%

The business’s 50-day simple moving average is $102.99 and its two-hundred day simple moving average is $98.60. The company has a market capitalization of $1.04 billion, a PE ratio of 34.86 and a beta of 1.02.

Institutional Trading of JPMorgan BetaBuilders MSCI US REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bleakley Financial Group LLC increased its stake in shares of 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 buying an additional 250,816 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 383.5% in the first quarter. Fifth Third Bancorp now owns 967 shares of the company’s stock worth $93,000 after buying an additional 767 shares during the last quarter. Alaska Wealth Advisors LLC increased its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 3.6% in the first quarter. Alaska Wealth Advisors LLC now owns 286,209 shares of the company’s stock worth $27,387,000 after buying an additional 10,075 shares during the last quarter. Alaska Permanent Capital Management LLC increased its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 2.7% in the first quarter. Alaska Permanent Capital Management LLC now owns 506,997 shares of the company’s stock worth $48,525,000 after buying an additional 13,150 shares during the last quarter. Finally, Compound Planning Inc. increased its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 16.1% in the fourth quarter. Compound Planning Inc. now owns 4,294 shares of the company’s stock worth $398,000 after buying an additional 596 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.