JPMorgan Realty Income ETF (NYSEARCA:JPRE) Trading 1.2% Higher – Should You Buy?

Shares of JPMorgan Realty Income ETF (NYSEARCA:JPRE) rose 1.2% during mid-day trading on Friday . The stock traded as high as $50.43 and last traded at $50.30. Approximately 11,150 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 19,888 shares. The stock had previously closed at $49.72.

JPMorgan Realty Income ETF Price Performance

The business has a 50-day moving average of $50.50 and a 200 day moving average of $46.88. The company has a market capitalization of $390.83 million, a PE ratio of 28.12 and a beta of 0.93.

Institutional Investors Weigh In On JPMorgan Realty Income ETF

Institutional investors have recently modified their holdings of the company. Gradient Investments LLC acquired a new stake in JPMorgan Realty Income ETF in the second quarter worth $6,287,000. First Foundation Advisors raised its stake in shares of JPMorgan Realty Income ETF by 1,415.1% during the 2nd quarter. First Foundation Advisors now owns 91,436 shares of the company’s stock worth $4,032,000 after purchasing an additional 85,401 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of JPMorgan Realty Income ETF by 195.7% in the first quarter. Cetera Investment Advisers now owns 67,100 shares of the company’s stock worth $2,942,000 after buying an additional 44,410 shares during the last quarter. Assetmark Inc. boosted its holdings in JPMorgan Realty Income ETF by 65.2% during the third quarter. Assetmark Inc. now owns 46,306 shares of the company’s stock valued at $2,359,000 after acquiring an additional 18,272 shares during the period. Finally, Eclectic Associates Inc. ADV bought a new position in shares of JPMorgan Realty Income ETF during the 3rd quarter worth about $368,000.

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.