JPMorgan Realty Income ETF (NYSEARCA:JPRE) Sets New 52-Week High – Should You Buy?

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

JPMorgan Realty Income ETF Stock Up 2.7%

The firm has a 50 day moving average of $52.53 and a 200-day moving average of $50.62. The firm has a market capitalization of $506.00 million, a P/E ratio of 41.80 and a beta of 0.81.

Hedge Funds Weigh In On JPMorgan Realty Income ETF

Several hedge funds have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its holdings in shares of JPMorgan Realty Income ETF by 2.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 13,847 shares of the company’s stock worth $723,000 after acquiring an additional 387 shares during the period. Focus Financial Network Inc. bought a new position in JPMorgan Realty Income ETF in the second quarter valued at approximately $225,000. Eclectic Associates Inc. ADV increased its stake in JPMorgan Realty Income ETF by 15.0% in the second quarter. Eclectic Associates Inc. ADV now owns 198,949 shares of the company’s stock valued at $10,382,000 after acquiring an additional 25,983 shares during the last quarter. Cetera Investment Advisers raised its position in JPMorgan Realty Income ETF by 6.4% during the first quarter. Cetera Investment Advisers now owns 55,979 shares of the company’s stock valued at $2,691,000 after purchasing an additional 3,379 shares in the last quarter. Finally, Beta Wealth Group Inc. lifted its stake in JPMorgan Realty Income ETF by 3.7% during the first quarter. Beta Wealth Group Inc. now owns 120,973 shares of the company’s stock worth $5,815,000 after purchasing an additional 4,326 shares during the last quarter.

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.