JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Hits New 12-Month High – What’s Next?

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $108.56 and last traded at $108.36, with a volume of 1908 shares changing hands. The stock had previously closed at $108.06.

JPMorgan BetaBuilders MSCI US REIT ETF Price Performance

The firm’s 50-day moving average is $103.45 and its 200 day moving average is $98.79. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 34.86 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 4,206,450 shares of the company’s stock worth $389,475,000 after acquiring an additional 65,602 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 1.6% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 2,723,289 shares of the company’s stock valued at $252,149,000 after purchasing an additional 43,729 shares during the last quarter. HighTower Advisors LLC raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 2.2% during the 3rd quarter. HighTower Advisors LLC now owns 554,960 shares of the company’s stock valued at $52,988,000 after purchasing an additional 11,724 shares during the last quarter. Alaska Permanent Capital Management LLC raised its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 2.7% during the 1st quarter. Alaska Permanent Capital Management LLC now owns 506,997 shares of the company’s stock valued at $48,525,000 after purchasing an additional 13,150 shares during the last quarter. Finally, Global Endowment Management LP raised its stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 32.9% in the 4th quarter. Global Endowment Management LP now owns 502,455 shares of the company’s stock valued at $46,522,000 after buying an additional 124,428 shares in 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.