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

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

JPMorgan BetaBuilders MSCI US REIT ETF Stock Up 1.6 %

The business’s fifty day moving average price is $96.63 and its 200 day moving average price is $96.87. The firm has a market capitalization of $859.44 million, a PE ratio of 26.26 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 3.9% in the second 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 position in shares of JPMorgan BetaBuilders MSCI US REIT ETF in the 2nd quarter valued at $240,000. Rockland Trust Co. purchased a new stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the 3rd quarter valued at $222,000. Angeles Wealth Management LLC increased its holdings in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 79.0% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,469 shares of the company’s stock worth $249,000 after buying an additional 1,090 shares during the last quarter. Finally, Sigma Planning Corp acquired a new position in JPMorgan BetaBuilders MSCI US REIT ETF in the third 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.