Modern Wealth Management LLC Makes New Investment in JPMorgan Diversified Return U.S. Small Cap Equity ETF $JPSE

Modern Wealth Management LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 20,764 shares of the company’s stock, valued at approximately $1,093,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.3% in the 1st quarter. Cetera Investment Advisers now owns 53,556 shares of the company’s stock valued at $2,808,000 after purchasing an additional 1,186 shares during the period. Independent Financial Group LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the first quarter valued at approximately $678,000. Money Concepts Capital Corp purchased a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the first quarter worth $223,000. Appleton Partners Inc. MA grew its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 0.4% in the first quarter. Appleton Partners Inc. MA now owns 190,724 shares of the company’s stock worth $10,000,000 after purchasing an additional 712 shares during the period. Finally, Trademark Financial Management LLC bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the first quarter worth $202,000.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Performance

Shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF stock opened at $59.30 on Monday. The firm has a market capitalization of $591.81 million, a P/E ratio of 15.86 and a beta of 0.98. The business has a fifty day simple moving average of $58.84 and a two-hundred day simple moving average of $55.93. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 12 month low of $44.85 and a 12 month high of $60.59.

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

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.