JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV)’s stock price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $56.58 and traded as low as $56.55. JPMorgan Dividend Leaders ETF shares last traded at $56.55, with a volume of 204 shares changing hands.

JPMorgan Dividend Leaders ETF Stock Performance

The firm has a market capitalization of $12.44 million, a PE ratio of 19.40 and a beta of 0.64. The stock’s 50-day simple moving average is $56.58 and its 200-day simple moving average is $56.10.

Institutional Investors Weigh In On JPMorgan Dividend Leaders ETF

A number of large investors have recently modified their holdings of JDIV. Citadel Advisors LLC raised its stake in JPMorgan Dividend Leaders ETF by 80.4% in the second quarter. Citadel Advisors LLC now owns 18,133 shares of the company’s stock worth $1,022,000 after buying an additional 8,082 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in JPMorgan Dividend Leaders ETF in the second quarter worth about $325,000. Finally, Farther Finance Advisors LLC lifted its holdings in JPMorgan Dividend Leaders ETF by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 5,608 shares of the company’s stock worth $316,000 after buying an additional 670 shares during the period.

JPMorgan Dividend Leaders ETF Company Profile

The JPMorgan U.S. Dividend ETF (JDIV) is an exchange-traded fund that is based on the JP Morgan US Dividend index. The fund tracks an index of US large-cap equities with higher dividend yields, weighted for greater exposure to sectors with high risk-adjusted dividend yields. JDIV was launched on Sep 25, 2024 and is issued by JPMorgan Chase.