JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Hits New 52-Week High – Here’s What Happened

Shares of JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) hit a new 52-week high on Friday . The stock traded as high as $112.53 and last traded at $112.53, with a volume of 420 shares changing hands. The stock had previously closed at $110.67.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Performance

The firm has a 50-day moving average of $107.00 and a 200-day moving average of $101.80. The firm has a market capitalization of $1.10 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 institutional investors have recently added to or reduced their stakes in BBRE. Aptus Capital Advisors LLC raised its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 31.3% during 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 last quarter. Comerica Bank increased its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 100.8% during the 4th quarter. Comerica Bank now owns 767 shares of the company’s stock valued at $71,000 after purchasing an additional 385 shares during the period. Fifth Third Bancorp increased its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 383.5% during the 1st quarter. Fifth Third Bancorp now owns 967 shares of the company’s stock valued at $93,000 after purchasing an additional 767 shares during the period. Raymond James Financial Inc. bought a new position in JPMorgan BetaBuilders MSCI US REIT ETF during the 2nd quarter valued at approximately $93,000. Finally, Osaic Holdings Inc. raised its position in JPMorgan BetaBuilders MSCI US REIT ETF by 66.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,438 shares of the company’s stock valued at $225,000 after purchasing an additional 973 shares during the last quarter.

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.