JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Stock Falls 0.5% – Time to Sell?

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) fell 0.5% during mid-day trading on Tuesday. The stock traded as low as $124.82 and last traded at $124.87. Approximately 13,508 shares changed hands during trading, an increase of 7% from the average daily volume of 12,591 shares. The stock had previously closed at $125.54.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Down 2.2%

The business’s 50 day simple moving average is $123.33 and its 200 day simple moving average is $121.34. The stock has a market cap of $488.89 million, a price-to-earnings ratio of 17.42 and a beta of 0.88.

Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the first quarter valued at approximately $33,000. Gateway Wealth Partners LLC bought a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 1st quarter valued at $226,000. Curry Webb Wealth Management LLC acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter valued at $241,000. Janney Montgomery Scott LLC acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter valued at $271,000. Finally, Luts & Greenleigh Group Inc. lifted its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 5.4% during the 1st quarter. Luts & Greenleigh Group Inc. now owns 2,593 shares of the company’s stock valued at $297,000 after purchasing an additional 134 shares during the last quarter.

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