JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Reaches New 12-Month High – What’s Next?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) shares hit a new 52-week high during trading on Thursday . The company traded as high as $110.60 and last traded at $110.60, with a volume of 811 shares trading hands. The stock had previously closed at $108.53.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Up 0.1%

The stock has a market cap of $1.08 billion, a P/E ratio of 34.86 and a beta of 1.02. The stock’s 50-day moving average is $106.51 and its 200-day moving average is $101.23.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Several hedge funds have recently modified their holdings of BBRE. Aptus Capital Advisors LLC boosted its stake in 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 buying an additional 144 shares in the last quarter. Comerica Bank lifted its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 100.8% during the fourth quarter. Comerica Bank now owns 767 shares of the company’s stock valued at $71,000 after purchasing 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 first quarter. Fifth Third Bancorp now owns 967 shares of the company’s stock worth $93,000 after buying an additional 767 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF in the second quarter valued at $93,000. Finally, Osaic Holdings Inc. boosted its stake in shares of 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 worth $225,000 after acquiring an additional 973 shares in 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.