JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Hits New 12-Month High – Here’s What Happened

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $105.14 and last traded at $105.14, with a volume of 2188 shares trading hands. The stock had previously closed at $103.89.

JPMorgan BetaBuilders MSCI US REIT ETF Price Performance

The company has a market cap of $1.03 billion, a P/E ratio of 34.86 and a beta of 1.02. The business’s 50 day moving average price is $99.95 and its 200-day moving average price is $96.73.

Institutional Investors Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 in the last quarter. Global Endowment Management LP increased its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 32.9% in the fourth quarter. Global Endowment Management LP now owns 502,455 shares of the company’s stock valued at $46,522,000 after purchasing an additional 124,428 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 4,140,848 shares of the company’s stock valued at $395,368,000 after purchasing an additional 74,483 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its position in JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% in the 4th 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 JPMorgan BetaBuilders MSCI US REIT ETF in the 4th quarter worth approximately $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.