JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Reaches New 1-Year High – Still a Buy?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $108.56 and last traded at $108.36, with a volume of 1908 shares changing hands. The stock had previously closed at $108.06.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Up 0.1%

The firm has a market cap of $1.05 billion, a PE ratio of 34.86 and a beta of 1.02. The company’s 50 day moving average price is $103.86 and its two-hundred day moving average price is $98.96.

Institutional Investors Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC raised its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 31.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 604 shares of the company’s stock valued at $56,000 after acquiring an additional 144 shares during the period. Comerica Bank grew its position in JPMorgan BetaBuilders MSCI US REIT ETF by 100.8% in the 4th quarter. Comerica Bank now owns 767 shares of the company’s stock valued at $71,000 after acquiring an additional 385 shares during the last quarter. Fifth Third Bancorp grew its position 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 valued at $93,000 after acquiring an additional 767 shares during the last quarter. Raymond James Financial Inc. bought a new position in JPMorgan BetaBuilders MSCI US REIT ETF in the 2nd quarter valued at $93,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in JPMorgan BetaBuilders MSCI US REIT ETF in the 3rd quarter valued at $115,000.

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.