JPMorgan Realty Income ETF (NYSEARCA:JPRE) Stock Price Down 3.7% – Time to Sell?

JPMorgan Realty Income ETF (NYSEARCA:JPRE) shares traded down 3.7% during trading on Wednesday . The company traded as low as $47.11 and last traded at $47.11. 16,124 shares were traded during 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 Stock Performance

The stock has a 50 day moving average of $50.01 and a 200 day moving average of $48.35. The stock has a market capitalization of $367.13 million, a P/E ratio of 28.12 and a beta of 0.93.

Hedge Funds Weigh In On JPMorgan Realty Income ETF

Several institutional investors have recently modified their holdings of the company. First Foundation Advisors raised its stake in 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 valued at $4,032,000 after acquiring an additional 85,401 shares in the last quarter. Assetmark Inc. grew its stake in shares of JPMorgan Realty Income ETF by 65.2% in the third quarter. Assetmark Inc. now owns 46,306 shares of the company’s stock worth $2,359,000 after purchasing an additional 18,272 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of JPMorgan Realty Income ETF by 17.9% during the second quarter. Cetera Investment Advisers now owns 79,088 shares of the company’s stock valued at $3,488,000 after purchasing an additional 11,988 shares during the period. Eclectic Associates Inc. ADV bought a new stake in shares of JPMorgan Realty Income ETF during the third quarter valued at about $368,000. Finally, Hengehold Capital Management LLC bought a new stake in shares of JPMorgan Realty Income ETF during the third quarter valued at about $227,000.

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.