McLaughlin Asset Management Inc. Makes New Investment in JPMorgan Diversified Return U.S. Mid Cap Equity ETF $JPME

McLaughlin Asset Management Inc. purchased a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,124 shares of the company’s stock, valued at approximately $448,000. McLaughlin Asset Management Inc. owned approximately 0.12% of JPMorgan Diversified Return U.S. Mid Cap Equity ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC boosted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% in the 4th quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock worth $36,789,000 after buying an additional 24,973 shares in the last quarter. LPL Financial LLC raised its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 7.8% during the fourth quarter. LPL Financial LLC now owns 244,782 shares of the company’s stock worth $26,598,000 after acquiring an additional 17,682 shares during the last quarter. Vantus Wealth LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the fourth quarter valued at about $1,704,000. Cassilly Financial Group LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the fourth quarter valued at about $1,666,000. Finally, Advyzon Investment Management LLC grew its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 627.6% in the fourth quarter. Advyzon Investment Management LLC now owns 15,375 shares of the company’s stock valued at $1,671,000 after purchasing an additional 13,262 shares during the last quarter.

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

Shares of JPME opened at $122.87 on Friday. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 1-year low of $101.92 and a 1-year high of $126.00. The stock has a market cap of $442.33 million, a price-to-earnings ratio of 17.00 and a beta of 0.88. The firm has a 50 day simple moving average of $121.10 and a 200-day simple moving average of $116.26.

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

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of mid-cap US stocks selected using relative value, momentum and quality factors, and for equal risk contribution by sector. JPME was launched on May 11, 2016 and is managed by JPMorgan Chase.