JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Stock Price Up 1.6% – Here’s Why

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) shares were up 1.6% on Monday . The company traded as high as $94.28 and last traded at $93.62. Approximately 7,630 shares were traded during trading, The stock had previously closed at $92.10.

JPMorgan BetaBuilders MSCI US REIT ETF Price Performance

The business’s 50 day simple moving average is $96.63 and its 200-day simple moving average is $96.87. The stock has a market capitalization of $859.44 million, a P/E ratio of 26.26 and a beta of 1.00.

Institutional Trading of JPMorgan BetaBuilders MSCI US REIT ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 3.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,124 shares of the company’s stock worth $5,801,000 after acquiring an additional 2,453 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in JPMorgan BetaBuilders MSCI US REIT ETF in the second quarter worth $240,000. Rockland Trust Co. bought a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the third quarter worth $222,000. Angeles Wealth Management LLC grew its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 79.0% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,469 shares of the company’s stock valued at $249,000 after buying an additional 1,090 shares during the period. Finally, Sigma Planning Corp bought a new stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF in the 3rd quarter valued at $210,000.

JPMorgan BetaBuilders MSCI US REIT ETF Company Profile

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.