IFC & Insurance Marketing Inc. Lowers Stake in JPMorgan BetaBuilders MSCI US REIT ETF $BBRE

IFC & Insurance Marketing Inc. cut its stake in JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) by 75.9% during the first quarter, HoldingsChannel reports. The fund owned 5,884 shares of the company’s stock after selling 18,523 shares during the quarter. IFC & Insurance Marketing Inc.’s holdings in JPMorgan BetaBuilders MSCI US REIT ETF were worth $563,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Comerica Bank boosted its position in JPMorgan BetaBuilders MSCI US REIT ETF by 18.0% during the first quarter. Comerica Bank now owns 1,024 shares of the company’s stock valued at $96,000 after purchasing an additional 156 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 112.5% in the first quarter. Goldman Sachs Group Inc. now owns 28,924 shares of the company’s stock worth $2,719,000 after purchasing 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 during the second quarter valued at about $93,000. Bank of America Corp DE boosted its holdings in shares of 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 in the last quarter. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF in the 2nd quarter worth approximately $712,000.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Up 1.2%

Shares of JPMorgan BetaBuilders MSCI US REIT ETF stock opened at $106.29 on Tuesday. The company has a market cap of $1.03 billion, a P/E ratio of 34.86 and a beta of 1.02. The firm’s 50 day moving average price is $104.41 and its 200-day moving average price is $99.25. JPMorgan BetaBuilders MSCI US REIT ETF has a 52-week low of $90.14 and a 52-week high of $108.56.

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.