First Foundation Advisors Sells 29,790 Shares of JPMorgan Realty Income ETF $JPRE

First Foundation Advisors cut its stake in shares of JPMorgan Realty Income ETF (NYSEARCA:JPRE) by 6.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 409,393 shares of the company’s stock after selling 29,790 shares during the period. JPMorgan Realty Income ETF accounts for about 0.7% of First Foundation Advisors’ portfolio, making the stock its 27th biggest position. First Foundation Advisors’ holdings in JPMorgan Realty Income ETF were worth $19,123,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of JPMorgan Realty Income ETF by 8.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,489 shares of the company’s stock worth $166,000 after buying an additional 260 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Realty Income ETF by 2.2% during the third quarter. Envestnet Asset Management Inc. now owns 22,836 shares of the company’s stock worth $1,095,000 after acquiring an additional 483 shares during the period. Spire Wealth Management purchased a new position in JPMorgan Realty Income ETF in the third quarter worth $29,000. Orion Porfolio Solutions LLC boosted its position in JPMorgan Realty Income ETF by 9.4% in the third quarter. Orion Porfolio Solutions LLC now owns 7,192 shares of the company’s stock worth $345,000 after purchasing an additional 617 shares during the last quarter. Finally, 21 West Wealth Management LLC grew its stake in JPMorgan Realty Income ETF by 2.5% in the 4th quarter. 21 West Wealth Management LLC now owns 29,828 shares of the company’s stock valued at $1,393,000 after purchasing an additional 736 shares during the period.

JPMorgan Realty Income ETF Stock Performance

Shares of NYSEARCA:JPRE opened at $52.27 on Wednesday. The company has a market capitalization of $488.72 million, a P/E ratio of 41.80 and a beta of 0.83. The company’s 50-day moving average is $50.16 and its 200 day moving average is $48.70. JPMorgan Realty Income ETF has a fifty-two week low of $46.24 and a fifty-two week high of $52.45.

JPMorgan Realty Income ETF Profile

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.