JPMorgan Realty Income ETF (NYSEARCA:JPRE) Sets New 1-Year High – Here’s Why

JPMorgan Realty Income ETF (NYSEARCA:JPRE) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $51.42 and last traded at $51.40, with a volume of 12750 shares changing hands. The stock had previously closed at $50.81.

JPMorgan Realty Income ETF Trading Up 0.6%

The company has a market cap of $498.41 million, a price-to-earnings ratio of 41.80 and a beta of 0.85. The stock has a 50-day simple moving average of $47.85 and a 200-day simple moving average of $47.66.

Hedge Funds Weigh In On JPMorgan Realty Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of JPRE. Whipplewood Advisors LLC raised its position in shares of JPMorgan Realty Income ETF by 138.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 8,191 shares of the company’s stock worth $390,000 after buying an additional 4,758 shares in the last quarter. Oarsman Capital Inc. increased its stake in shares of JPMorgan Realty Income ETF by 22.7% during the second quarter. Oarsman Capital Inc. now owns 64,447 shares of the company’s stock valued at $3,070,000 after acquiring an additional 11,944 shares during the period. Bank of Montreal Can raised its holdings in JPMorgan Realty Income ETF by 228.8% during the second quarter. Bank of Montreal Can now owns 4,314 shares of the company’s stock worth $206,000 after purchasing an additional 3,002 shares in the last quarter. Cetera Investment Advisers raised its holdings in JPMorgan Realty Income ETF by 12.1% during the second quarter. Cetera Investment Advisers now owns 46,687 shares of the company’s stock worth $2,224,000 after purchasing an additional 5,040 shares in the last quarter. Finally, Beta Wealth Group Inc. lifted its position in JPMorgan Realty Income ETF by 18.3% in the second quarter. Beta Wealth Group Inc. now owns 109,218 shares of the company’s stock worth $5,203,000 after purchasing an additional 16,884 shares during the period.

About JPMorgan Realty Income ETF

The JPMorgan Realty Income ETF (JPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund actively invests in US equity REITs and mortgage REITs, selecting those perceived to exhibit financial strength, operating revenues, and attractive growth potential. JPRE was launched on May 20, 2022 and is managed by JPMorgan Chase.