JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE) Shares Down 1.3%

JPMorgan BetaBuilders MSCI US REIT ETF (BATS:BBRE)’s stock price dropped 1.3% on Tuesday . The stock traded as low as $81.55 and last traded at $81.69. Approximately 25,848 shares traded hands during trading, The stock had previously closed at $82.76.

JPMorgan BetaBuilders MSCI US REIT ETF Stock Performance

The firm has a market cap of $746.89 million, a PE ratio of 26.38 and a beta of 0.92. The firm’s 50-day moving average price is $86.54 and its two-hundred day moving average price is $84.04.

Hedge Funds Weigh In On JPMorgan BetaBuilders MSCI US REIT ETF

A number of institutional investors have recently modified their holdings of BBRE. Assetmark Inc. boosted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 17,700.0% during the 4th quarter. Assetmark Inc. now owns 356 shares of the company’s stock worth $32,000 after purchasing an additional 354 shares in the last quarter. UBS Group AG boosted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 475.3% during the 4th quarter. UBS Group AG now owns 535 shares of the company’s stock worth $44,000 after purchasing an additional 442 shares in the last quarter. Angeles Wealth Management LLC purchased a new stake in shares of JPMorgan BetaBuilders MSCI US REIT ETF during the 4th quarter worth $123,000. Qube Research & Technologies Ltd boosted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 58.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,915 shares of the company’s stock worth $149,000 after purchasing an additional 705 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of JPMorgan BetaBuilders MSCI US REIT ETF by 336.7% during the 4th quarter. Royal Bank of Canada now owns 2,214 shares of the company’s stock worth $198,000 after purchasing an additional 1,707 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.