JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sets New 1-Year High – Here’s What Happened

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.33 and last traded at $52.2590, with a volume of 22342 shares. The stock had previously closed at $51.65.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Performance

The stock has a market cap of $530.23 million, a PE ratio of 15.86 and a beta of 1.04. The firm’s 50-day moving average is $50.23 and its 200 day moving average is $48.99.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. purchased a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 2nd quarter valued at approximately $43,000. Farther Finance Advisors LLC grew its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 97,066.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,915 shares of the company’s stock valued at $145,000 after purchasing an additional 2,912 shares during the last quarter. HBK Sorce Advisory LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the third quarter valued at approximately $203,000. Miller Global Investments LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the fourth quarter worth approximately $447,000. Finally, Mendel Money Management raised its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 5.2% during the second quarter. Mendel Money Management now owns 9,961 shares of the company’s stock worth $453,000 after purchasing an additional 491 shares during the last quarter.

About JPMorgan Diversified Return U.S. Small Cap Equity ETF

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.