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

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

JPMorgan BetaBuilders MSCI US REIT ETF Stock Up 3.7 %

The stock has a fifty day simple moving average of $96.57 and a 200 day simple moving average of $96.93. The firm has a market capitalization of $876.79 million, a P/E ratio of 26.26 and a beta of 1.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 3.9% during 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 period. Sanctuary Advisors LLC purchased a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the second quarter valued at approximately $240,000. Rockland Trust Co. purchased a new position in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the third quarter valued at approximately $222,000. Angeles Wealth Management LLC boosted its position in shares of 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 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 during the third quarter valued at approximately $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.