JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sees Large Volume Increase – Here’s Why

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) saw strong trading volume on Friday . 132,453 shares changed hands during mid-day trading, an increase of 477% from the previous session’s volume of 22,973 shares.The stock last traded at $51.77 and had previously closed at $52.03.

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

The business’s 50 day moving average price is $53.72 and its 200 day moving average price is $51.33. The stock has a market capitalization of $525.06 million, a P/E ratio of 15.86 and a beta of 1.04.

Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 61.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 196,437 shares of the company’s stock worth $9,785,000 after buying an additional 74,870 shares during the last quarter. Kingsview Wealth Management LLC increased its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 22.1% during the second quarter. Kingsview Wealth Management LLC now owns 104,901 shares of the company’s stock valued at $4,772,000 after acquiring an additional 19,002 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 95.0% during the third quarter. J.W. Cole Advisors Inc. now owns 31,560 shares of the company’s stock valued at $1,572,000 after acquiring an additional 15,372 shares during the last quarter. Western Wealth Management LLC bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the third quarter valued at about $1,725,000. Finally, Truist Financial Corp purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the third quarter worth about $5,384,000.

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.