JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Stock Breaks Above 200-Day Moving Average – Here’s Why

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $56.00 and traded as high as $56.09. JPMorgan Dividend Leaders ETF shares last traded at $56.09, with a volume of 638 shares traded.

JPMorgan Dividend Leaders ETF Trading Up 0.2%

The company has a market cap of $12.41 million, a P/E ratio of 20.22 and a beta of 0.64. The firm has a 50 day moving average of $57.04 and a 200-day moving average of $56.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of JPMorgan Dividend Leaders ETF by 13.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,608 shares of the company’s stock worth $316,000 after buying an additional 670 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in JPMorgan Dividend Leaders ETF in the second quarter worth $325,000. Finally, Citadel Advisors LLC lifted its position in shares of JPMorgan Dividend Leaders ETF by 80.4% during the second quarter. Citadel Advisors LLC now owns 18,133 shares of the company’s stock worth $1,022,000 after purchasing an additional 8,082 shares during the last quarter.

About JPMorgan Dividend Leaders ETF

The JPMorgan U.S. Dividend ETF (JDIV) is an exchange-traded fund that is based on the JP Morgan US Dividend index. The fund tracks an index of US large-cap equities with higher dividend yields, weighted for greater exposure to sectors with high risk-adjusted dividend yields. JDIV was launched on Sep 25, 2024 and is issued by JPMorgan Chase.