JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sets New 52-Week High – What’s Next?

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) hit a new 52-week high on Thursday . The company traded as high as $60.02 and last traded at $59.92, with a volume of 2857 shares. The stock had previously closed at $59.35.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Up 1.2%

The stock’s 50-day moving average price is $57.70 and its 200-day moving average price is $54.59. The company has a market capitalization of $609.91 million, a price-to-earnings ratio of 15.86 and a beta of 0.99.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JPSE. Hartford Financial Management Inc. increased its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the 4th quarter. Hartford Financial Management Inc. now owns 333,388 shares of the company’s stock valued at $16,694,000 after buying an additional 12,394 shares during the period. Capital Developers LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the fourth quarter worth $698,000. Sprinkle Financial Consultants LLC lifted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 12.2% during the fourth quarter. Sprinkle Financial Consultants LLC now owns 149,867 shares of the company’s stock valued at $7,504,000 after acquiring an additional 16,321 shares during the period. Cary Street Partners Financial LLC bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at about $519,000. Finally, Aprio Wealth Management LLC bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at about $15,540,000.

About JPMorgan Diversified Return U.S. Small Cap Equity ETF

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.