JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Sets New 12-Month High – Here’s What Happened

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $107.07 and last traded at $107.07, with a volume of 11287 shares traded. The stock had previously closed at $104.24.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Performance

The company’s 50-day moving average is $102.48 and its 200-day moving average is $98.40. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 34.86 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its position in JPMorgan BetaBuilders MSCI US REIT ETF by 2.2% during the 3rd quarter. HighTower Advisors LLC now owns 554,960 shares of the company’s stock valued at $52,988,000 after purchasing an additional 11,724 shares during the period. Flow Traders U.S. LLC acquired a new position in JPMorgan BetaBuilders MSCI US REIT ETF during the 3rd quarter valued at about $2,454,000. Northwestern Mutual Wealth Management Co. lifted its position in JPMorgan BetaBuilders MSCI US REIT ETF by 5.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,730 shares of the company’s stock valued at $10,901,000 after purchasing an additional 6,044 shares during the period. JPMorgan Chase & Co. lifted its position in JPMorgan BetaBuilders MSCI US REIT ETF by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,140,848 shares of the company’s stock valued at $395,368,000 after purchasing an additional 74,483 shares during the period. Finally, Bleakley Financial Group LLC acquired a new position in JPMorgan BetaBuilders MSCI US REIT ETF during the 4th quarter valued at about $2,895,000.

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.