JPMorgan Realty Income ETF (NYSEARCA:JPRE) Shares Down 0.5% – Here’s Why

JPMorgan Realty Income ETF (NYSEARCA:JPRE)’s stock price dropped 0.5% during trading on Monday . The stock traded as low as $53.72 and last traded at $53.80. 4,749 shares changed hands during trading, a decline of 85% from the average session volume of 31,413 shares. The stock had previously closed at $54.09.

JPMorgan Realty Income ETF Stock Down 0.5%

The company has a market capitalization of $493.35 million, a PE ratio of 41.80 and a beta of 0.81. The stock’s fifty day moving average price is $52.42 and its two-hundred day moving average price is $50.47.

Institutional Investors Weigh In On JPMorgan Realty Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in shares of JPMorgan Realty Income ETF in the 4th quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of JPMorgan Realty Income ETF by 8.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,489 shares of the company’s stock valued at $166,000 after acquiring an additional 260 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of JPMorgan Realty Income ETF during the fourth quarter valued at approximately $202,000. Focus Financial Network Inc. purchased a new stake in JPMorgan Realty Income ETF in the second quarter worth $225,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in JPMorgan Realty Income ETF in the fourth quarter worth $271,000.

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.