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

Shares of JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) reached a new 52-week high on Friday . The stock traded as high as $108.64 and last traded at $108.64, with a volume of 7126 shares traded. The stock had previously closed at $107.82.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Performance

The company’s 50 day moving average price is $104.80 and its 200-day moving average price is $99.53. The company has a market cap of $1.06 billion, a PE ratio of 34.86 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Aptus Capital Advisors LLC grew its position in 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 worth $56,000 after acquiring an additional 144 shares during the last quarter. Comerica Bank boosted its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 100.8% during the fourth quarter. Comerica Bank now owns 767 shares of the company’s stock worth $71,000 after purchasing an additional 385 shares during the period. Fifth Third Bancorp grew its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 383.5% in the first quarter. Fifth Third Bancorp now owns 967 shares of the company’s stock worth $93,000 after purchasing an additional 767 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF in the second quarter worth about $93,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the third quarter valued at approximately $115,000.

JPMorgan BetaBuilders MSCI US REIT ETF Company 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.