JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Hits New 1-Year High – Should You Buy?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) hit a new 52-week high on Tuesday . The stock traded as high as $110.33 and last traded at $110.33, with a volume of 4103 shares changing hands. The stock had previously closed at $108.24.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Up 1.4%

The company’s fifty day moving average is $105.56 and its 200 day moving average is $100.27. The company has a market capitalization of $1.07 billion, a P/E ratio of 34.86 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Hedge funds have recently bought and sold shares of the company. Aptus Capital Advisors LLC increased its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 31.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 604 shares of the company’s stock valued at $56,000 after purchasing an additional 144 shares during the last quarter. Comerica Bank lifted its position in JPMorgan BetaBuilders MSCI US REIT ETF by 18.0% in the 1st quarter. Comerica Bank now owns 1,024 shares of the company’s stock worth $96,000 after buying an additional 156 shares during the last quarter. Sigma Planning Corp boosted its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 8.1% in the fourth quarter. Sigma Planning Corp now owns 3,562 shares of the company’s stock worth $330,000 after buying an additional 266 shares in the last quarter. Compound Planning Inc. boosted 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 valued at $398,000 after purchasing an additional 596 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in 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 during the period.

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.