JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) shares rose 0.4% during mid-day trading on Wednesday . The company traded as high as $129.18 and last traded at $128.34. 10,439 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 12,369 shares. The stock had previously closed at $127.82.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Price Performance
The business’s 50 day simple moving average is $125.42 and its 200-day simple moving average is $120.83. The stock has a market capitalization of $474.86 million, a P/E ratio of 17.00 and a beta of 0.88.
Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF
Institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 1st quarter valued at about $33,000. Farther Finance Advisors LLC increased its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 355.7% in the 4th quarter. Farther Finance Advisors LLC now owns 793 shares of the company’s stock valued at $86,000 after buying an additional 619 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 1st quarter valued at $226,000. Curry Webb Wealth Management LLC acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth $241,000. Finally, Janney Montgomery Scott LLC acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth $271,000.
About JPMorgan Diversified Return U.S. Mid Cap Equity ETF
The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of mid-cap US stocks selected using relative value, momentum and quality factors, and for equal risk contribution by sector. JPME was launched on May 11, 2016 and is managed by JPMorgan Chase.
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