JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Stock Price Up 0.4% – Still a Buy?
by Danessa Lincoln · The Markets DailyJPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE – Get Free Report)’s stock price rose 0.4% during trading on Tuesday . The company traded as high as $97.63 and last traded at $97.54. Approximately 2,862 shares were traded during trading, a decline of 91% from the average daily volume of 32,942 shares. The stock had previously closed at $97.11.
JPMorgan BetaBuilders MSCI US REIT ETF Trading Up 0.8%
The stock’s fifty day moving average is $98.66 and its 200 day moving average is $95.78. The company has a market capitalization of $973.39 million, a P/E ratio of 34.86 and a beta of 1.02.
Institutional Investors Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBRE. Aptus Capital Advisors LLC raised its holdings in JPMorgan BetaBuilders MSCI US REIT ETF by 31.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 604 shares of the company’s stock valued at $56,000 after buying an additional 144 shares during the last quarter. Comerica Bank increased its position in JPMorgan BetaBuilders MSCI US REIT ETF by 100.8% during the 4th quarter. Comerica Bank now owns 767 shares of the company’s stock valued at $71,000 after purchasing an additional 385 shares during the period. Raymond James Financial Inc. purchased a new position in JPMorgan BetaBuilders MSCI US REIT ETF during the 2nd quarter valued at $93,000. KERR FINANCIAL PLANNING Corp purchased a new position in JPMorgan BetaBuilders MSCI US REIT ETF during the 3rd quarter valued at $115,000. Finally, Osaic Holdings Inc. increased its position in JPMorgan BetaBuilders MSCI US REIT ETF by 66.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,438 shares of the company’s stock valued at $225,000 after purchasing an additional 973 shares during the period.
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.