JPMorgan Realty Income ETF (NYSEARCA:JPRE) Sets New 52-Week High – Should You Buy?

JPMorgan Realty Income ETF (NYSEARCA:JPRE) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $54.99 and last traded at $54.99, with a volume of 1964 shares. The stock had previously closed at $53.72.

JPMorgan Realty Income ETF Stock Performance

The firm has a market capitalization of $506.00 million, a price-to-earnings ratio of 41.80 and a beta of 0.81. The business’s 50 day moving average is $52.53 and its 200-day moving average is $50.62.

Hedge Funds Weigh In On JPMorgan Realty Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Eclectic Associates Inc. ADV raised its stake in JPMorgan Realty Income ETF by 25.3% in the fourth quarter. Eclectic Associates Inc. ADV now owns 131,821 shares of the company’s stock valued at $6,157,000 after buying an additional 26,596 shares during the period. One Capital Management LLC bought a new position in shares of JPMorgan Realty Income ETF during the 4th quarter worth approximately $1,093,000. Oarsman Capital Inc. boosted its stake in shares of JPMorgan Realty Income ETF by 15.4% during the 4th quarter. Oarsman Capital Inc. now owns 90,369 shares of the company’s stock worth $4,221,000 after acquiring an additional 12,028 shares during the period. Plus Group Wealth Advisors LLC acquired a new position in shares of JPMorgan Realty Income ETF during the 4th quarter worth approximately $519,000. Finally, Cetera Investment Advisers increased its holdings in shares of JPMorgan Realty Income ETF by 6.4% in the first quarter. Cetera Investment Advisers now owns 55,979 shares of the company’s stock valued at $2,691,000 after purchasing an additional 3,379 shares during the last quarter.

JPMorgan Realty Income ETF Company Profile

The JPMorgan Realty Income ETF (JPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund actively invests in US equity REITs and mortgage REITs, selecting those perceived to exhibit financial strength, operating revenues, and attractive growth potential. JPRE was launched on May 20, 2022 and is managed by JPMorgan Chase.