JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Shares Climb 0.7% – Should You Buy?

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) shares rose 0.7% on Friday. The company traded as high as $137.43 and last traded at $137.24. Approximately 3,754 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 8,847 shares. The stock had previously closed at $136.33.

JPMorgan Diversified Return U.S. Equity ETF Price Performance

The stock has a market cap of $452.89 million, a price-to-earnings ratio of 17.74 and a beta of 0.80. The business’s 50 day moving average is $142.05 and its 200 day moving average is $138.45.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JPUS. Sterneck Capital Management LLC raised its position in shares of JPMorgan Diversified Return U.S. Equity ETF by 3.5% during the 1st quarter. Sterneck Capital Management LLC now owns 92,122 shares of the company’s stock worth $11,995,000 after acquiring an additional 3,098 shares in the last quarter. Financially in Tune LLC purchased a new stake in JPMorgan Diversified Return U.S. Equity ETF during the fourth quarter worth approximately $4,853,000. Schiavi & Co LLC boosted its holdings in JPMorgan Diversified Return U.S. Equity ETF by 302.2% in the fourth quarter. Schiavi & Co LLC now owns 26,410 shares of the company’s stock valued at $3,273,000 after purchasing an additional 19,843 shares in the last quarter. Vise Technologies Inc. boosted its holdings in JPMorgan Diversified Return U.S. Equity ETF by 715.7% in the fourth quarter. Vise Technologies Inc. now owns 23,509 shares of the company’s stock valued at $2,914,000 after purchasing an additional 20,627 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in JPMorgan Diversified Return U.S. Equity ETF in the second quarter valued at approximately $2,355,000.

About JPMorgan Diversified Return U.S. Equity ETF

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.