JPMorgan Realty Income ETF (NYSEARCA:JPRE) Hits New 52-Week High – Should You Buy?

JPMorgan Realty Income ETF (NYSEARCA:JPRE) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.46 and last traded at $51.1810, with a volume of 6567 shares traded. The stock had previously closed at $51.00.

JPMorgan Realty Income ETF Price Performance

The stock has a 50 day moving average of $48.24 and a two-hundred day moving average of $47.78. The stock has a market capitalization of $503.73 million, a PE ratio of 41.80 and a beta of 0.85.

Institutional Trading of JPMorgan Realty Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan Realty Income ETF by 8.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,489 shares of the company’s stock worth $166,000 after acquiring an additional 260 shares in the last quarter. Bill Few Associates Inc. grew its position in shares of JPMorgan Realty Income ETF by 3.2% in the third quarter. Bill Few Associates Inc. now owns 15,110 shares of the company’s stock valued at $724,000 after purchasing an additional 469 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan Realty Income ETF by 2.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,836 shares of the company’s stock worth $1,095,000 after acquiring an additional 483 shares during the period. Spire Wealth Management purchased a new position in JPMorgan Realty Income ETF during the third quarter worth approximately $29,000. Finally, Orion Porfolio Solutions LLC increased its stake in JPMorgan Realty Income ETF by 9.4% during the third quarter. Orion Porfolio Solutions LLC now owns 7,192 shares of the company’s stock worth $345,000 after acquiring an additional 617 shares during the last quarter.

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.