JPMorgan Realty Income ETF (NYSEARCA:JPRE) Hits New 1-Year High – Time to Buy?

JPMorgan Realty Income ETF (NYSEARCA:JPRE) hit a new 52-week high during trading on Friday . The stock traded as high as $51.46 and last traded at $51.1810, with a volume of 6567 shares traded. The stock had previously closed at $51.00.

JPMorgan Realty Income ETF Stock Performance

The stock’s fifty day moving average price is $48.34 and its 200-day moving average price is $47.82. The firm has a market cap of $504.81 million, a PE ratio of 41.80 and a beta of 0.85.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management purchased a new stake in shares of JPMorgan Realty Income ETF during the 3rd quarter worth approximately $29,000. Kestra Advisory Services LLC acquired a new position in JPMorgan Realty Income ETF during the fourth quarter worth $45,000. Northwestern Mutual Wealth Management Co. raised its holdings in JPMorgan Realty Income ETF by 8.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,489 shares of the company’s stock worth $166,000 after purchasing an additional 260 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in JPMorgan Realty Income ETF during the fourth quarter worth $202,000. Finally, Bank of Montreal Can grew its holdings in JPMorgan Realty Income ETF by 228.8% in the second quarter. Bank of Montreal Can now owns 4,314 shares of the company’s stock valued at $206,000 after purchasing an additional 3,002 shares during the last quarter.

About JPMorgan Realty Income ETF

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.