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 Tuesday . The company traded as high as $99.08 and last traded at $99.1940, with a volume of 3577 shares traded. The stock had previously closed at $98.22.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Up 1.5%

The firm has a 50-day moving average of $94.15 and a 200 day moving average of $94.14. The stock has a market capitalization of $969.75 million, a price-to-earnings ratio of 34.86 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Comerica Bank raised its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 18.0% during the 1st quarter. Comerica Bank now owns 1,024 shares of the company’s stock valued at $96,000 after acquiring an additional 156 shares in the last quarter. Sigma Planning Corp grew its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 8.1% during the 4th quarter. Sigma Planning Corp now owns 3,562 shares of the company’s stock valued at $330,000 after buying an additional 266 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 66.4% in the second quarter. Osaic Holdings Inc. now owns 2,438 shares of the company’s stock worth $225,000 after acquiring an additional 973 shares during the last quarter. Raymond James Financial Inc. acquired a new position in JPMorgan BetaBuilders MSCI US REIT ETF in the second quarter valued at approximately $93,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the third quarter valued at approximately $115,000.

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.