JPMorgan Realty Income ETF (NYSEARCA:JPRE) Stock Price Down 0.8% – Here’s Why

JPMorgan Realty Income ETF (NYSEARCA:JPRE)’s stock price dropped 0.8% during trading on Friday . The stock traded as low as $52.68 and last traded at $52.68. 7,321 shares traded hands during trading, a decline of 74% from the average session volume of 28,203 shares. The stock had previously closed at $53.10.

JPMorgan Realty Income ETF Stock Down 0.8%

The stock has a market capitalization of $480.44 million, a PE ratio of 41.80 and a beta of 0.80. The business’s 50-day moving average is $53.31 and its two-hundred day moving average is $51.66.

Institutional Trading of JPMorgan Realty Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in 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 during the last quarter. Silver Oak Securities Incorporated boosted its holdings in shares of JPMorgan Realty Income ETF by 1.5% in the first quarter. Silver Oak Securities Incorporated now owns 18,473 shares of the company’s stock valued at $888,000 after acquiring an additional 280 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of JPMorgan Realty Income ETF by 2.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 13,847 shares of the company’s stock valued at $723,000 after acquiring an additional 387 shares during the period. Swisher Financial Concepts Inc. grew its position in shares of JPMorgan Realty Income ETF by 7.2% during the first quarter. Swisher Financial Concepts Inc. now owns 8,288 shares of the company’s stock worth $398,000 after acquiring an additional 560 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew its position in shares of JPMorgan Realty Income ETF by 9.4% during the third quarter. Orion Porfolio Solutions LLC now owns 7,192 shares of the company’s stock worth $345,000 after acquiring an additional 617 shares during the last quarter.

JPMorgan Realty Income ETF Company 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.