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

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $110.33 and last traded at $110.33, with a volume of 4103 shares. The stock had previously closed at $108.24.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Up 1.4%

The business has a 50-day simple moving average of $105.56 and a 200 day simple moving average of $100.27. The stock has a market cap of $1.07 billion, a P/E ratio of 34.86 and a beta of 1.02.

Institutional Investors Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank lifted its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 18.0% in the 1st quarter. Comerica Bank now owns 1,024 shares of the company’s stock worth $96,000 after purchasing an additional 156 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 112.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,924 shares of the company’s stock worth $2,719,000 after acquiring an additional 15,313 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF in the second quarter valued at about $93,000. Bank of America Corp DE increased its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 9.0% in the 2nd quarter. Bank of America Corp DE now owns 330,993 shares of the company’s stock valued at $30,488,000 after buying an additional 27,277 shares during the last quarter. Finally, Orion Porfolio Solutions LLC bought a new stake in JPMorgan BetaBuilders MSCI US REIT ETF during the second quarter worth $712,000.

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.