Sherman Wealth Management LLC Takes $1.18 Million Position in JPMorgan Diversified Return International Equity ETF $JPIN

Sherman Wealth Management LLC bought a new position in shares of JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) during the 4th quarter, Holdings Channel.com reports. The firm bought 17,716 shares of the company’s stock, valued at approximately $1,180,000. JPMorgan Diversified Return International Equity ETF makes up 1.2% of Sherman Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in JPIN. UBS Group AG grew its holdings in JPMorgan Diversified Return International Equity ETF by 0.3% in the 3rd quarter. UBS Group AG now owns 478,316 shares of the company’s stock valued at $31,861,000 after buying an additional 1,236 shares during the period. Sterneck Capital Management LLC boosted its position in shares of JPMorgan Diversified Return International Equity ETF by 2.1% in the third quarter. Sterneck Capital Management LLC now owns 165,283 shares of the company’s stock worth $11,010,000 after acquiring an additional 3,444 shares during the last quarter. Captrust Financial Advisors increased its position in JPMorgan Diversified Return International Equity ETF by 1.8% during the third quarter. Captrust Financial Advisors now owns 160,729 shares of the company’s stock worth $10,706,000 after purchasing an additional 2,916 shares during the last quarter. JPMorgan Chase & Co. increased its position in JPMorgan Diversified Return International Equity ETF by 27.8% during the second quarter. JPMorgan Chase & Co. now owns 139,228 shares of the company’s stock worth $8,929,000 after purchasing an additional 30,258 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in JPMorgan Diversified Return International Equity ETF by 4.2% during the third quarter. Raymond James Financial Inc. now owns 120,768 shares of the company’s stock worth $8,044,000 after purchasing an additional 4,909 shares during the period.

JPMorgan Diversified Return International Equity ETF Stock Down 0.3%

Shares of JPIN opened at $69.08 on Friday. The firm has a market cap of $345.40 million, a PE ratio of 12.60 and a beta of 0.73. The company’s fifty day moving average is $72.77 and its two-hundred day moving average is $69.52. JPMorgan Diversified Return International Equity ETF has a fifty-two week low of $51.73 and a fifty-two week high of $77.08.

JPMorgan Diversified Return International Equity ETF Profile

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.