Clarus Wealth Advisors Makes New Investment in JPMorgan BetaBuilders MSCI US REIT ETF $BBRE

Clarus Wealth Advisors purchased a new position in JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) in the second quarter, HoldingsChannel.com reports. The fund purchased 129,822 shares of the company’s stock, valued at approximately $13,926,000. JPMorgan BetaBuilders MSCI US REIT ETF comprises about 5.1% of Clarus Wealth Advisors’ investment portfolio, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,206,450 shares of the company’s stock valued at $389,475,000 after purchasing an additional 65,602 shares during the last quarter. University of Texas Texas AM Investment Management Co. raised its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 2,723,289 shares of the company’s stock valued at $252,149,000 after buying an additional 43,729 shares during the last quarter. Alaska Permanent Capital Management LLC raised its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 2.7% in the first quarter. Alaska Permanent Capital Management LLC now owns 506,997 shares of the company’s stock valued at $48,525,000 after buying an additional 13,150 shares during the last quarter. Global Endowment Management LP lifted its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 32.9% during the fourth quarter. Global Endowment Management LP now owns 502,455 shares of the company’s stock valued at $46,522,000 after buying an additional 124,428 shares during the period. Finally, Bank of America Corp DE boosted its position in JPMorgan BetaBuilders MSCI US REIT ETF by 6.6% during the third quarter. Bank of America Corp DE now owns 352,820 shares of the company’s stock worth $33,687,000 after acquiring an additional 21,827 shares during the last quarter.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Performance

BBRE stock opened at $105.96 on Wednesday. The company has a 50 day moving average price of $108.99 and a two-hundred day moving average price of $104.49. The stock has a market capitalization of $1.03 billion, a P/E ratio of 34.86 and a beta of 1.02. JPMorgan BetaBuilders MSCI US REIT ETF has a one year low of $91.82 and a one year high of $113.40.

JPMorgan BetaBuilders MSCI US REIT ETF 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.