JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Sets New 52-Week High – Here’s What Happened

Shares of JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $101.62 and last traded at $101.4640, with a volume of 4332 shares. The stock had previously closed at $100.88.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Up 1.2%

The firm has a 50-day moving average of $94.76 and a 200 day moving average of $94.40. The stock has a market capitalization of $993.34 million, a P/E ratio of 34.86 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in 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 valued at $389,475,000 after buying an additional 65,602 shares during the last quarter. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% during the 4th 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 purchasing an additional 43,729 shares in the last quarter. HighTower Advisors LLC increased its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 2.2% during the third quarter. HighTower Advisors LLC now owns 554,960 shares of the company’s stock worth $52,988,000 after acquiring an additional 11,724 shares in the last quarter. Alaska Permanent Capital Management LLC raised its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 3.7% in the 3rd quarter. Alaska Permanent Capital Management LLC now owns 508,892 shares of the company’s stock valued at $48,599,000 after purchasing an additional 17,959 shares during the period. Finally, Global Endowment Management LP raised its position in JPMorgan BetaBuilders MSCI US REIT ETF by 32.9% in the 4th quarter. Global Endowment Management LP now owns 502,455 shares of the company’s stock valued at $46,522,000 after buying an additional 124,428 shares during the last quarter.

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.