JPMorgan Realty Income ETF (NYSEARCA:JPRE) Stock Price Down 3.7% – Time to Sell?

JPMorgan Realty Income ETF (NYSEARCA:JPRE) shares were down 3.7% during mid-day trading on Wednesday . The stock traded as low as $47.11 and last traded at $47.11. Approximately 16,124 shares were traded during trading, a decline of 18% from the average daily volume of 19,702 shares. The stock had previously closed at $48.93.

JPMorgan Realty Income ETF Price Performance

The stock has a market cap of $367.13 million, a price-to-earnings ratio of 28.12 and a beta of 0.93. The stock’s 50-day moving average is $50.01 and its 200-day moving average is $48.35.

Hedge Funds Weigh In On JPMorgan Realty Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in JPMorgan Realty Income ETF by 79.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,755 shares of the company’s stock worth $77,000 after purchasing an additional 779 shares during the period. Mattson Financial Services LLC acquired a new stake in shares of JPMorgan Realty Income ETF during the 2nd quarter worth $48,000. Cetera Investment Advisers raised its position in shares of JPMorgan Realty Income ETF by 17.9% in the 2nd quarter. Cetera Investment Advisers now owns 79,088 shares of the company’s stock worth $3,488,000 after buying an additional 11,988 shares during the period. First Foundation Advisors boosted its holdings in JPMorgan Realty Income ETF by 1,415.1% in the second quarter. First Foundation Advisors now owns 91,436 shares of the company’s stock valued at $4,032,000 after acquiring an additional 85,401 shares during the last quarter. Finally, Hengehold Capital Management LLC purchased a new stake in JPMorgan Realty Income ETF during the third quarter valued at about $227,000.

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.