JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Reaches New 52-Week High – Here’s What Happened

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) shares hit a new 52-week high on Thursday . The company traded as high as $106.87 and last traded at $106.01, with a volume of 131952 shares changing hands. The stock had previously closed at $106.37.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Down 0.3%

The stock’s fifty day moving average price is $101.26 and its two-hundred day moving average price is $97.85. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 34.86 and a beta of 1.02.

Institutional Investors Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of 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 in the last quarter. University of Texas Texas AM Investment Management Co. raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 2,723,289 shares of the company’s stock worth $252,149,000 after acquiring an additional 43,729 shares in the last quarter. HighTower Advisors LLC raised its stake 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 worth $52,988,000 after acquiring an additional 11,724 shares in the last quarter. Alaska Permanent Capital Management LLC raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 2.7% during the 1st quarter. Alaska Permanent Capital Management LLC now owns 506,997 shares of the company’s stock worth $48,525,000 after acquiring an additional 13,150 shares in the last quarter. Finally, Global Endowment Management LP raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 32.9% during the 4th quarter. Global Endowment Management LP now owns 502,455 shares of the company’s stock worth $46,522,000 after acquiring an additional 124,428 shares in the last quarter.

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.