Modera Wealth Management LLC Trims Position in JPMorgan Diversified Return U.S. Equity ETF $JPUS

Modera Wealth Management LLC lowered its stake in shares of JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) by 6.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 246,972 shares of the company’s stock after selling 17,590 shares during the period. Modera Wealth Management LLC owned approximately 0.08% of JPMorgan Diversified Return U.S. Equity ETF worth $32,158,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its position in JPMorgan Diversified Return U.S. Equity ETF by 146.4% in the 1st quarter. Jane Street Group LLC now owns 12,283 shares of the company’s stock valued at $1,415,000 after acquiring an additional 7,298 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of JPMorgan Diversified Return U.S. Equity ETF by 112.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 948 shares of the company’s stock valued at $112,000 after purchasing an additional 502 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of JPMorgan Diversified Return U.S. Equity ETF by 8.5% in the 2nd quarter. Raymond James Financial Inc. now owns 41,068 shares of the company’s stock valued at $4,854,000 after purchasing an additional 3,231 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of JPMorgan Diversified Return U.S. Equity ETF by 2.1% in the 2nd quarter. Captrust Financial Advisors now owns 213,423 shares of the company’s stock valued at $25,225,000 after purchasing an additional 4,352 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of JPMorgan Diversified Return U.S. Equity ETF in the third quarter valued at approximately $233,000.

JPMorgan Diversified Return U.S. Equity ETF Trading Down 0.4%

NYSEARCA:JPUS opened at $141.10 on Friday. JPMorgan Diversified Return U.S. Equity ETF has a 12-month low of $117.15 and a 12-month high of $142.43. The stock’s 50 day simple moving average is $138.46 and its 200-day simple moving average is $134.24. The firm has a market cap of $451.52 million, a P/E ratio of 17.74 and a beta of 0.80.

JPMorgan Diversified Return U.S. Equity ETF Profile

The JPMorgan Diversified Return U.S. Equity ETF (JPUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US stocks selected from the Russell 1000 using relative value, momentum, and quality factors. The fund is weighted for equal risk contribution at the sector level and holdings are equal-weighted within sectors. JPUS was launched on Sep 29, 2015 and is managed by JPMorgan Chase.