JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Trading 0.6% Higher – Should You Buy?

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) rose 0.6% during trading on Wednesday . The stock traded as high as $66.63 and last traded at $66.58. Approximately 12,044 shares changed hands during trading, a decline of 47% from the average session volume of 22,765 shares. The stock had previously closed at $66.17.

JPMorgan Diversified Return Emerging Markets Equity ETF Trading Up 0.6%

The firm has a market cap of $399.48 million, a price-to-earnings ratio of 11.40 and a beta of 0.47. The stock has a 50-day moving average of $64.46 and a two-hundred day moving average of $64.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 6.1% in the first quarter. Royal Bank of Canada now owns 25,377 shares of the company’s stock worth $1,338,000 after acquiring an additional 1,465 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 19.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 90,615 shares of the company’s stock valued at $5,112,000 after acquiring an additional 15,043 shares in the last quarter. Marshall Wace LLP lifted its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 1,848.5% in the 2nd quarter. Marshall Wace LLP now owns 87,740 shares of the company’s stock valued at $4,949,000 after acquiring an additional 83,237 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 0.8% in the 2nd quarter. Raymond James Financial Inc. now owns 91,511 shares of the company’s stock valued at $5,162,000 after acquiring an additional 736 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 4.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 96,362 shares of the company’s stock worth $5,436,000 after purchasing an additional 3,832 shares during the period.

About JPMorgan Diversified Return Emerging Markets Equity ETF

The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.