Osaic Holdings Inc. Reduces Stake in JPMorgan Diversified Return Emerging Markets Equity ETF $JPEM

Osaic Holdings Inc. lowered its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) by 19.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 58,877 shares of the company’s stock after selling 14,562 shares during the quarter. Osaic Holdings Inc.’s holdings in JPMorgan Diversified Return Emerging Markets Equity ETF were worth $3,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. OLD Mission Capital LLC grew its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF by 47.9% during the first quarter. OLD Mission Capital LLC now owns 345,021 shares of the company’s stock valued at $18,190,000 after purchasing an additional 111,774 shares during the period. Marshall Wace LLP lifted its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 1,848.5% during the 2nd quarter. Marshall Wace LLP now owns 87,740 shares of the company’s stock valued at $4,949,000 after buying an additional 83,237 shares during the last quarter. CW Advisors LLC bought a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the 2nd quarter worth $4,360,000. Tactive Advisors LLC purchased a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF in the 2nd quarter worth about $1,360,000. Finally, Avantax Advisory Services Inc. raised its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 8.9% in the 2nd quarter. Avantax Advisory Services Inc. now owns 211,192 shares of the company’s stock valued at $11,914,000 after acquiring an additional 17,271 shares during the period.

JPMorgan Diversified Return Emerging Markets Equity ETF Stock Up 0.2%

NYSEARCA JPEM opened at $60.69 on Friday. The company has a market cap of $364.14 million, a PE ratio of 11.40 and a beta of 0.52. JPMorgan Diversified Return Emerging Markets Equity ETF has a 52 week low of $47.92 and a 52 week high of $62.52. The firm’s 50-day simple moving average is $60.36 and its two-hundred day simple moving average is $58.55.

JPMorgan Diversified Return Emerging Markets Equity ETF Profile

The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.