JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Shares Down 1% – Should You Sell?

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS)’s share price was down 1% on Tuesday . The company traded as low as $127.77 and last traded at $127.79. Approximately 2,634 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 12,870 shares. The stock had previously closed at $129.05.

JPMorgan Diversified Return U.S. Equity ETF Trading Down 1.0%

The firm’s 50 day simple moving average is $125.05 and its 200-day simple moving average is $122.95. The stock has a market capitalization of $396.15 million, a price-to-earnings ratio of 17.74 and a beta of 0.87.

Institutional Trading of JPMorgan Diversified Return U.S. Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. bought a new position in JPMorgan Diversified Return U.S. Equity ETF in the second quarter valued at approximately $25,000. Horizon Investments LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF during the 3rd quarter worth approximately $37,000. Ameritas Advisory Services LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the 2nd quarter valued at approximately $105,000. Advisory Services Network LLC bought a new position in shares of JPMorgan Diversified Return U.S. Equity ETF in the third quarter valued at $115,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of JPMorgan Diversified Return U.S. Equity ETF by 112.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 948 shares of the company’s stock valued at $112,000 after buying an additional 502 shares in the last quarter.

About JPMorgan Diversified Return U.S. Equity ETF

The JPMorgan Diversified Return U.S. Equity ETF (JPUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US stocks selected from the Russell 1000 using relative value, momentum, and quality factors. The fund is weighted for equal risk contribution at the sector level and holdings are equal-weighted within sectors. JPUS was launched on Sep 29, 2015 and is managed by JPMorgan Chase.