JPMorgan Realty Income ETF (NYSEARCA:JPRE) Stock Price Down 0.8% – Time to Sell?

JPMorgan Realty Income ETF (NYSEARCA:JPRE) shares dropped 0.8% during trading on Friday . The stock traded as low as $52.68 and last traded at $52.68. Approximately 7,321 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 28,203 shares. The stock had previously closed at $53.10.

JPMorgan Realty Income ETF Trading Down 0.8%

The business has a 50-day moving average of $53.31 and a 200 day moving average of $51.66. The firm has a market capitalization of $480.44 million, a P/E ratio of 41.80 and a beta of 0.80.

Institutional Investors Weigh In On JPMorgan Realty Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of JPRE. Kestra Advisory Services LLC bought a new position in shares of JPMorgan Realty Income ETF in the 4th quarter worth $45,000. Northwestern Mutual Wealth Management Co. grew its position in JPMorgan Realty Income ETF by 8.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,489 shares of the company’s stock valued at $166,000 after purchasing an additional 260 shares during the period. MOR Wealth Management LLC bought a new stake in JPMorgan Realty Income ETF during the 2nd quarter valued at $208,000. Focus Financial Network Inc. bought a new stake in JPMorgan Realty Income ETF during the 2nd quarter valued at $225,000. Finally, Axxcess Wealth Management LLC acquired a new position in JPMorgan Realty Income ETF during the fourth quarter worth $202,000.

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.