JPMorgan Realty Income ETF (NYSEARCA:JPRE) Hits New 12-Month High – Time to Buy?

JPMorgan Realty Income ETF (NYSEARCA:JPRE) hit a new 52-week high during trading on Friday . The stock traded as high as $54.99 and last traded at $54.99, with a volume of 1964 shares. The stock had previously closed at $53.72.

JPMorgan Realty Income ETF Stock Performance

The firm has a market cap of $504.26 million, a P/E ratio of 41.80 and a beta of 0.81. The company’s 50 day moving average is $52.61 and its 200 day moving average is $50.65.

Hedge Funds Weigh In On JPMorgan Realty Income ETF

Several large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in shares of JPMorgan Realty Income ETF in the fourth quarter worth $45,000. Northwestern Mutual Wealth Management Co. increased its holdings in JPMorgan Realty Income ETF by 8.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,489 shares of the company’s stock valued at $166,000 after purchasing an additional 260 shares during the period. Axxcess Wealth Management LLC bought a new position in JPMorgan Realty Income ETF during the 4th quarter worth $202,000. Focus Financial Network Inc. bought a new position in JPMorgan Realty Income ETF during the 2nd quarter worth $225,000. Finally, Stratos Wealth Partners LTD. bought a new position in JPMorgan Realty Income ETF during the 4th quarter worth $271,000.

About JPMorgan Realty Income ETF

The JPMorgan Realty Income ETF (JPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund actively invests in US equity REITs and mortgage REITs, selecting those perceived to exhibit financial strength, operating revenues, and attractive growth potential. JPRE was launched on May 20, 2022 and is managed by JPMorgan Chase.