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

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

JPMorgan BetaBuilders MSCI US REIT ETF Trading Up 1.2%

The company’s 50 day moving average is $94.76 and its 200-day moving average is $94.40. The stock has a market cap of $993.34 million, a PE ratio of 34.86 and a beta of 1.02.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank raised its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 18.0% in the first quarter. Comerica Bank now owns 1,024 shares of the company’s stock valued at $96,000 after acquiring an additional 156 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 112.5% during the first quarter. Goldman Sachs Group Inc. now owns 28,924 shares of the company’s stock worth $2,719,000 after purchasing an additional 15,313 shares during the last quarter. Alaska Wealth Advisors increased its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 3.6% in the second quarter. Alaska Wealth Advisors now owns 240,141 shares of the company’s stock valued at $22,119,000 after buying an additional 8,455 shares during the last quarter. Alaska Permanent Capital Management LLC raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 3.1% during the second quarter. Alaska Permanent Capital Management LLC now owns 490,933 shares of the company’s stock valued at $45,215,000 after buying an additional 14,950 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 4.3% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 2,584,286 shares of the company’s stock valued at $238,039,000 after buying an additional 105,550 shares in the last quarter.

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.