JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Shares Down 1.1% – What’s Next?

Shares of JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) dropped 1.1% during mid-day trading on Thursday. The company traded as low as $72.69 and last traded at $73.01. 13,746 shares were traded during mid-day trading, a decline of 11% from the average session volume of 15,434 shares. The stock had previously closed at $73.81.

JPMorgan Diversified Return International Equity ETF Stock Up 0.9%

The stock’s 50 day moving average price is $76.02 and its two-hundred day moving average price is $74.21. The firm has a market capitalization of $375.82 million, a price-to-earnings ratio of 12.60 and a beta of 0.68.

Institutional Investors Weigh In On JPMorgan Diversified Return International Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. MCF Advisors LLC acquired a new position in JPMorgan Diversified Return International Equity ETF in the second quarter worth approximately $2,940,000. Financially in Tune LLC bought a new position in JPMorgan Diversified Return International Equity ETF during the fourth quarter valued at approximately $1,254,000. Fifth Third Bancorp acquired a new stake in JPMorgan Diversified Return International Equity ETF in the first quarter valued at approximately $399,000. Quantinno Capital Management LP lifted its stake in JPMorgan Diversified Return International Equity ETF by 45.5% in the first quarter. Quantinno Capital Management LP now owns 17,350 shares of the company’s stock valued at $1,236,000 after acquiring an additional 5,427 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in JPMorgan Diversified Return International Equity ETF by 37.1% in the second quarter. NewEdge Advisors LLC now owns 14,478 shares of the company’s stock valued at $1,047,000 after acquiring an additional 3,919 shares during the last quarter.

About JPMorgan Diversified Return International Equity ETF

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.