Royal Bank of Canada Has $7.37 Million Stock Position in JPMorgan Diversified Return International Equity ETF $JPIN

Royal Bank of Canada lessened its stake in JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) by 41.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,429 shares of the company’s stock after selling 74,706 shares during the quarter. Royal Bank of Canada owned approximately 2.11% of JPMorgan Diversified Return International Equity ETF worth $7,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of JPMorgan Diversified Return International Equity ETF in the 3rd quarter valued at about $29,000. Horizon Investments LLC bought a new stake in shares of JPMorgan Diversified Return International Equity ETF in the 4th quarter valued at about $33,000. Eagle Bay Advisors LLC bought a new stake in shares of JPMorgan Diversified Return International Equity ETF in the 4th quarter valued at about $36,000. International Assets Investment Management LLC acquired a new stake in JPMorgan Diversified Return International Equity ETF in the 4th quarter valued at about $37,000. Finally, IFP Advisors Inc lifted its stake in JPMorgan Diversified Return International Equity ETF by 31.9% in the 3rd quarter. IFP Advisors Inc now owns 732 shares of the company’s stock valued at $49,000 after purchasing an additional 177 shares during the last quarter.

JPMorgan Diversified Return International Equity ETF Stock Performance

JPMorgan Diversified Return International Equity ETF stock opened at $76.33 on Tuesday. The stock has a 50-day simple moving average of $73.86 and a 200 day simple moving average of $73.49. The stock has a market capitalization of $374.02 million, a P/E ratio of 12.60 and a beta of 0.67. JPMorgan Diversified Return International Equity ETF has a 52 week low of $64.92 and a 52 week high of $77.08.

JPMorgan Diversified Return International Equity ETF Profile

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.