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 share price reached a new 52-week high on Friday . The stock traded as high as $103.24 and last traded at $103.24, with a volume of 722 shares trading hands. The stock had previously closed at $101.89.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Up 1.2%

The firm has a 50 day moving average of $99.27 and a 200-day moving average of $96.02. The company has a market cap of $1.01 billion, a P/E ratio of 34.86 and a beta of 1.02.

Institutional Trading of JPMorgan BetaBuilders MSCI US REIT ETF

A number of hedge funds have recently added to or reduced their stakes in BBRE. HighTower Advisors LLC increased its position in JPMorgan BetaBuilders MSCI US REIT ETF by 2.2% during the 3rd quarter. HighTower Advisors LLC now owns 554,960 shares of the company’s stock valued at $52,988,000 after purchasing an additional 11,724 shares during the period. Orion Porfolio Solutions LLC bought a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the second quarter valued at approximately $712,000. Flow Traders U.S. LLC bought a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the third quarter valued at approximately $2,454,000. Alaska Permanent Capital Management LLC increased its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 3.7% during the third quarter. Alaska Permanent Capital Management LLC now owns 508,892 shares of the company’s stock valued at $48,599,000 after buying an additional 17,959 shares during the period. Finally, Alaska Wealth Advisors raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 10.9% in the third quarter. Alaska Wealth Advisors now owns 266,405 shares of the company’s stock worth $25,436,000 after buying an additional 26,264 shares in 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.