JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Reaches New 1-Year High – Still a Buy?

Shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $60.30 and last traded at $60.17, with a volume of 31212 shares changing hands. The stock had previously closed at $59.95.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Trading Up 0.4%

The business’s fifty day simple moving average is $58.04 and its 200 day simple moving average is $54.84. The stock has a market cap of $610.73 million, a price-to-earnings ratio of 15.86 and a beta of 0.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Solutions Advisory Group Inc. bought a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the first quarter valued at about $7,701,000. Ipsen Advisor Group LLC lifted its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.3% in the first quarter. Ipsen Advisor Group LLC now owns 115,584 shares of the company’s stock valued at $6,060,000 after buying an additional 2,556 shares during the period. Bank of America Corp DE boosted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.4% during the first quarter. Bank of America Corp DE now owns 610,879 shares of the company’s stock worth $32,028,000 after buying an additional 25,608 shares during the last quarter. Modern Wealth Management LLC bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the first quarter worth about $1,093,000. Finally, Cetera Investment Advisers boosted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.3% during the first quarter. Cetera Investment Advisers now owns 53,556 shares of the company’s stock worth $2,808,000 after buying an additional 1,186 shares during the last quarter.

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.