JPMorgan Realty Income ETF (NYSEARCA:JPRE) Trading Down 3.7% – Here’s Why

JPMorgan Realty Income ETF (NYSEARCA:JPRE) fell 3.7% on Wednesday . The company traded as low as $47.11 and last traded at $47.11. 16,124 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 19,702 shares. The stock had previously closed at $48.93.

JPMorgan Realty Income ETF Trading Down 3.7 %

The firm has a fifty day simple moving average of $50.12 and a 200-day simple moving average of $48.34. The stock has a market cap of $366.04 million, a price-to-earnings ratio of 28.12 and a beta of 0.93.

Hedge Funds Weigh In On JPMorgan Realty Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mattson Financial Services LLC bought a new stake in shares of JPMorgan Realty Income ETF in the second quarter worth about $48,000. Northwestern Mutual Wealth Management Co. raised its holdings in JPMorgan Realty Income ETF by 79.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,755 shares of the company’s stock worth $77,000 after buying an additional 779 shares during the period. Hengehold Capital Management LLC bought a new position in JPMorgan Realty Income ETF in the third quarter valued at approximately $227,000. MML Investors Services LLC boosted its holdings in shares of JPMorgan Realty Income ETF by 17.4% in the third quarter. MML Investors Services LLC now owns 5,369 shares of the company’s stock valued at $273,000 after buying an additional 795 shares during the period. Finally, Eclectic Associates Inc. ADV bought a new stake in shares of JPMorgan Realty Income ETF during the third quarter worth $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.