JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Reaches New 52-Week High – What’s Next?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $108.64 and last traded at $108.64, with a volume of 7126 shares traded. The stock had previously closed at $107.82.

JPMorgan BetaBuilders MSCI US REIT ETF Price Performance

The company has a market cap of $1.06 billion, a PE ratio of 34.86 and a beta of 1.02. The company has a 50-day moving average price of $104.80 and a two-hundred day moving average price of $99.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 5.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,730 shares of the company’s stock valued at $10,901,000 after acquiring an additional 6,044 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in JPMorgan BetaBuilders MSCI US REIT ETF in the 3rd quarter valued at $2,454,000. Global Endowment Management LP lifted its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 32.9% during the fourth quarter. Global Endowment Management LP now owns 502,455 shares of the company’s stock valued at $46,522,000 after acquiring an additional 124,428 shares during the period. University of Texas Texas AM Investment Management Co. boosted its position in JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 2,723,289 shares of the company’s stock valued at $252,149,000 after buying an additional 43,729 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,206,450 shares of the company’s stock worth $389,475,000 after acquiring an additional 65,602 shares in the last quarter.

About JPMorgan BetaBuilders MSCI US REIT ETF

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.