JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Sets New 12-Month High – Should You Buy?

Shares of JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) hit 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 trading hands. The stock had previously closed at $107.82.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Up 1.4%

The stock has a market capitalization of $1.06 billion, a PE ratio of 34.86 and a beta of 1.02. The business’s 50-day moving average is $104.95 and its two-hundred day moving average is $99.59.

Institutional Investors Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Several institutional investors and hedge funds have recently modified their holdings of BBRE. Comerica Bank raised its holdings 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 buying an additional 156 shares during the period. Goldman Sachs Group Inc. grew its position in JPMorgan BetaBuilders MSCI US REIT ETF by 112.5% in the first quarter. Goldman Sachs Group Inc. now owns 28,924 shares of the company’s stock valued at $2,719,000 after acquiring an additional 15,313 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in JPMorgan BetaBuilders MSCI US REIT ETF in the second quarter valued at approximately $93,000. Bank of America Corp DE raised its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 9.0% during the second quarter. Bank of America Corp DE now owns 330,993 shares of the company’s stock valued at $30,488,000 after purchasing an additional 27,277 shares during the period. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the second quarter valued at approximately $712,000.

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.