JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Reaches 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 stock traded as high as $105.63 and last traded at $105.63, with a volume of 268 shares traded. The stock had previously closed at $105.23.

JPMorgan BetaBuilders MSCI US REIT ETF Price Performance

The firm’s 50-day moving average price is $100.84 and its 200 day moving average price is $97.56. The firm has a market cap of $1.03 billion, a P/E ratio of 34.86 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Several large investors have recently modified their holdings of BBRE. Bleakley Financial Group LLC lifted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 802.1% during the first quarter. Bleakley Financial Group LLC now owns 282,087 shares of the company’s stock worth $26,993,000 after purchasing an additional 250,816 shares during the last quarter. Global Endowment Management LP lifted its position 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 worth $46,522,000 after purchasing an additional 124,428 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 4,140,848 shares of the company’s stock worth $395,368,000 after purchasing an additional 74,483 shares during the last quarter. University of Texas Texas AM Investment Management Co. lifted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 2,723,289 shares of the company’s stock worth $252,149,000 after purchasing an additional 43,729 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the fourth quarter worth about $3,203,000.

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.