JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Stock Price Up 0.4% – Here’s What Happened

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME)’s share price rose 0.4% during mid-day trading on Monday. The company traded as high as $121.39 and last traded at $120.98. 6,376 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 12,437 shares. The stock had previously closed at $120.47.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Performance

The stock has a market cap of $471.82 million, a P/E ratio of 17.00 and a beta of 0.88. The firm’s 50 day moving average is $125.35 and its 200 day moving average is $122.51.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF

A number of large investors have recently made changes to their positions in the business. Entelevest LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 4th quarter worth $483,000. Modern Wealth Management LLC purchased a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth $2,523,000. McLaughlin Asset Management Inc. acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 4th quarter valued at about $448,000. Bluedoor Private Wealth LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 4th quarter valued at about $686,000. Finally, Cetera Investment Advisers raised its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 21.6% in the first quarter. Cetera Investment Advisers now owns 7,493 shares of the company’s stock valued at $858,000 after buying an additional 1,330 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.