JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Trading 0.8% Higher – What’s Next?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE)’s stock price shot up 0.8% during trading on Thursday . The stock traded as high as $93.98 and last traded at $93.98. 5,648 shares were traded during trading, The stock had previously closed at $93.27.

JPMorgan BetaBuilders MSCI US REIT ETF Trading Down 1.0 %

The stock has a 50-day simple moving average of $98.79 and a 200 day simple moving average of $96.03. The company has a market cap of $856.59 million, a price-to-earnings ratio of 26.26 and a beta of 1.00.

Institutional Trading of JPMorgan BetaBuilders MSCI US REIT ETF

Hedge funds have recently added to or reduced their stakes in the company. Sigma Planning Corp purchased a new stake in JPMorgan BetaBuilders MSCI US REIT ETF during the 3rd quarter valued at about $210,000. Angeles Wealth Management LLC increased its position in JPMorgan BetaBuilders MSCI US REIT ETF by 79.0% during the third quarter. Angeles Wealth Management LLC now owns 2,469 shares of the company’s stock worth $249,000 after purchasing an additional 1,090 shares during the last quarter. Rockland Trust Co. purchased a new position in JPMorgan BetaBuilders MSCI US REIT ETF in the third quarter worth approximately $222,000. Sanctuary Advisors LLC purchased a new stake in JPMorgan BetaBuilders MSCI US REIT ETF in the second quarter valued at $240,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in 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 valued at $5,801,000 after buying an additional 2,453 shares during the last quarter.

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.