JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Hits New 12-Month High – Should You Buy?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE)’s stock price reached a new 52-week high on Friday . The company traded as high as $112.53 and last traded at $112.53, with a volume of 420 shares traded. The stock had previously closed at $110.67.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Up 2.1%

The company has a market capitalization of $1.10 billion, a P/E ratio of 34.86 and a beta of 1.02. The company’s 50 day moving average is $107.20 and its 200-day moving average is $101.88.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bleakley Financial Group LLC increased its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 802.1% during the first quarter. Bleakley Financial Group LLC now owns 282,087 shares of the company’s stock valued at $26,993,000 after purchasing an additional 250,816 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 383.5% in the 1st quarter. Fifth Third Bancorp now owns 967 shares of the company’s stock worth $93,000 after purchasing an additional 767 shares in the last quarter. Alaska Wealth Advisors LLC grew its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 3.6% in the 1st 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 grew its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 2.7% in the 1st 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. grew its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 16.1% in the 4th 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.