JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Hits New 12-Month High – Here’s Why

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $103.24 and last traded at $103.24, with a volume of 722 shares. The stock had previously closed at $101.89.

JPMorgan BetaBuilders MSCI US REIT ETF Price Performance

The company’s 50-day moving average is $99.39 and its 200-day moving average is $96.09. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 34.86 and a beta of 1.02.

Institutional Investors Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. 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 100.8% in the 4th quarter. Comerica Bank now owns 767 shares of the company’s stock valued at $71,000 after acquiring an additional 385 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in JPMorgan BetaBuilders MSCI US REIT ETF in the 2nd quarter valued at about $93,000. KERR FINANCIAL PLANNING Corp acquired a new stake in JPMorgan BetaBuilders MSCI US REIT ETF in the 3rd quarter valued at about $115,000. Finally, Osaic Holdings Inc. lifted its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 66.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,438 shares of the company’s stock valued at $225,000 after acquiring an additional 973 shares during the last quarter.

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.