JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Trading Down 1.3% – Should You Sell?

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) fell 1.3% during trading on Wednesday . The company traded as low as $64.59 and last traded at $64.63. 36,283 shares were traded during mid-day trading, an increase of 63% from the average daily volume of 22,270 shares. The stock had previously closed at $65.50.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

The stock has a market cap of $381.32 million, a price-to-earnings ratio of 11.40 and a beta of 0.47. The firm has a fifty day moving average of $65.45 and a 200 day moving average of $64.41.

Institutional Trading of JPMorgan Diversified Return Emerging Markets Equity ETF

Several hedge funds have recently made changes to their positions in JPEM. Richards Merrill & Peterson Inc. acquired a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the 1st quarter valued at $53,000. Western Wealth Management LLC acquired a new stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the first quarter valued at about $178,000. Assetmark Inc. acquired a new stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the first quarter valued at about $194,000. Signet Financial Management LLC raised its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 13.7% in the 1st quarter. Signet Financial Management LLC now owns 21,467 shares of the company’s stock valued at $1,334,000 after acquiring an additional 2,586 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 7.5% in the 1st quarter. Royal Bank of Canada now owns 25,849 shares of the company’s stock worth $1,606,000 after acquiring an additional 1,803 shares during the last quarter.

JPMorgan Diversified Return Emerging Markets Equity ETF Company 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.