JPMorgan Realty Income ETF (NYSEARCA:JPRE) Shares Up 1.2% – Still a Buy?

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

JPMorgan Realty Income ETF Price Performance

The firm has a 50 day simple moving average of $50.49 and a 200-day simple moving average of $46.77. The company has a market cap of $390.83 million, a price-to-earnings ratio of 28.12 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JPRE. Gradient Investments LLC purchased a new position in JPMorgan Realty Income ETF in the second quarter valued at $6,287,000. Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan Realty Income ETF by 79.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,755 shares of the company’s stock valued at $77,000 after purchasing an additional 779 shares during the period. Cetera Investment Advisers boosted its holdings in JPMorgan Realty Income ETF by 195.7% in the first quarter. Cetera Investment Advisers now owns 67,100 shares of the company’s stock valued at $2,942,000 after purchasing an additional 44,410 shares during the period. Mattson Financial Services LLC purchased a new position in JPMorgan Realty Income ETF in the second quarter valued at $48,000. Finally, First Foundation Advisors boosted its holdings in JPMorgan Realty Income ETF by 1,415.1% in the second quarter. First Foundation Advisors now owns 91,436 shares of the company’s stock valued at $4,032,000 after purchasing an additional 85,401 shares during the period.

JPMorgan Realty Income ETF Company Profile

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.