JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Shares Down 1%

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) dropped 1% during mid-day trading on Wednesday . The company traded as low as $83.93 and last traded at $83.96. Approximately 4,466 shares traded hands during trading, The stock had previously closed at $84.83.

JPMorgan BetaBuilders MSCI US REIT ETF Price Performance

The business’s fifty day moving average is $85.52 and its 200-day moving average is $84.68. The firm has a market cap of $770.75 million, a PE ratio of 26.26 and a beta of 1.00.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 2.9% during the third quarter. JPMorgan Chase & Co. now owns 3,948,560 shares of the company’s stock valued at $307,119,000 after acquiring an additional 110,670 shares in the last quarter. University of Texas Texas AM Investment Managment Co. grew its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 3.5% during the third quarter. University of Texas Texas AM Investment Managment Co. now owns 2,649,388 shares of the company’s stock valued at $206,069,000 after acquiring an additional 88,440 shares in the last quarter. LPL Financial LLC purchased a new position in JPMorgan BetaBuilders MSCI US REIT ETF during the third quarter valued at approximately $4,760,000. Alaska Permanent Capital Management grew its stake in JPMorgan BetaBuilders MSCI US REIT ETF by 10.9% during the third quarter. Alaska Permanent Capital Management now owns 406,406 shares of the company’s stock valued at $31,602,000 after acquiring an additional 39,961 shares in the last quarter. Finally, Fortress Wealth Management Inc. purchased a new position in JPMorgan BetaBuilders MSCI US REIT ETF during the fourth quarter valued at approximately $2,930,000.

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.