JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Trading Up 0.1% – Here’s Why

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) traded up 0.1% during mid-day trading on Friday . The company traded as high as $109.00 and last traded at $108.68. 50,589 shares changed hands during trading, an increase of 34% from the average session volume of 37,797 shares. The stock had previously closed at $108.59.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Performance

The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 34.86 and a beta of 1.02. The firm’s fifty day simple moving average is $108.61 and its 200 day simple moving average is $103.44.

Institutional Investors Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Several large investors have recently made changes to their positions in BBRE. Bleakley Financial Group LLC raised its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 802.1% during the first quarter. Bleakley Financial Group LLC now owns 282,087 shares of the company’s stock worth $26,993,000 after acquiring an additional 250,816 shares during the period. Fifth Third Bancorp boosted its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 383.5% in the 1st quarter. Fifth Third Bancorp now owns 967 shares of the company’s stock worth $93,000 after purchasing an additional 767 shares during the period. Alaska Wealth Advisors LLC increased its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 3.6% during the 1st quarter. Alaska Wealth Advisors LLC now owns 286,209 shares of the company’s stock worth $27,387,000 after purchasing an additional 10,075 shares in the last quarter. Alaska Permanent Capital Management LLC raised its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 2.7% in the 1st quarter. Alaska Permanent Capital Management LLC now owns 506,997 shares of the company’s stock valued at $48,525,000 after purchasing an additional 13,150 shares during the period. Finally, Compound Planning Inc. raised its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 16.1% in the 4th quarter. Compound Planning Inc. now owns 4,294 shares of the company’s stock valued at $398,000 after purchasing an additional 596 shares during the period.

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.