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

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was up 0.4% during mid-day trading on Wednesday . The stock traded as high as $129.18 and last traded at $128.34. Approximately 10,439 shares changed hands during trading, a decline of 16% from the average session volume of 12,369 shares. The stock had previously closed at $127.82.

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

The stock’s 50 day moving average is $125.50 and its 200-day moving average is $120.93. The company has a market capitalization of $473.53 million, a P/E ratio of 17.00 and a beta of 0.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% in the fourth quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock worth $36,789,000 after purchasing an additional 24,973 shares during the period. LPL Financial LLC boosted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 244,782 shares of the company’s stock valued at $26,598,000 after buying an additional 17,682 shares in the last quarter. Appleton Partners Inc. MA boosted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 0.9% during the 1st quarter. Appleton Partners Inc. MA now owns 92,579 shares of the company’s stock valued at $10,603,000 after buying an additional 837 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 69,363 shares of the company’s stock worth $7,537,000 after buying an additional 2,349 shares during the period. Finally, Manske Wealth Management lifted its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 1.9% during the 4th quarter. Manske Wealth Management now owns 54,840 shares of the company’s stock valued at $5,959,000 after acquiring an additional 1,042 shares during the period.

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

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.