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

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

JPMorgan Realty Income ETF Stock Performance

The business has a 50-day simple moving average of $53.31 and a two-hundred day simple moving average of $51.66. The company has a market capitalization of $480.44 million, a price-to-earnings ratio of 41.80 and a beta of 0.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Eclectic Associates Inc. ADV raised its holdings in JPMorgan Realty Income ETF by 25.3% during the fourth quarter. Eclectic Associates Inc. ADV now owns 131,821 shares of the company’s stock worth $6,157,000 after purchasing an additional 26,596 shares in the last quarter. Oarsman Capital Inc. lifted its position in JPMorgan Realty Income ETF by 15.4% in the fourth quarter. Oarsman Capital Inc. now owns 90,369 shares of the company’s stock valued at $4,221,000 after purchasing an additional 12,028 shares during the period. One Capital Management LLC purchased a new stake in JPMorgan Realty Income ETF in the 4th quarter valued at approximately $1,093,000. Plus Group Wealth Advisors LLC purchased a new stake in JPMorgan Realty Income ETF in the 4th quarter valued at approximately $519,000. Finally, Axxcess Wealth Management LLC acquired a new position in JPMorgan Realty Income ETF during the 4th quarter worth approximately $202,000.

About JPMorgan Realty Income ETF

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.