JPMorgan Diversified Return Emerging Markets Equity ETF $JPEM Holdings Reduced by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC lowered its position in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) by 62.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,743 shares of the company’s stock after selling 9,519 shares during the quarter. Precedent Wealth Partners LLC’s holdings in JPMorgan Diversified Return Emerging Markets Equity ETF were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Accel Wealth Management increased its position in JPMorgan Diversified Return Emerging Markets Equity ETF by 118.4% in the 3rd quarter. Accel Wealth Management now owns 34,927 shares of the company’s stock valued at $2,061,000 after acquiring an additional 18,938 shares during the period. CW Advisors LLC bought a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the second quarter worth $4,360,000. Avestar Capital LLC grew its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 27.7% in the second quarter. Avestar Capital LLC now owns 66,980 shares of the company’s stock worth $3,779,000 after purchasing an additional 14,548 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 5.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,980 shares of the company’s stock valued at $800,000 after purchasing an additional 721 shares during the period. Finally, KWB Wealth raised its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 1.5% during the second quarter. KWB Wealth now owns 152,838 shares of the company’s stock valued at $8,058,000 after purchasing an additional 2,278 shares in the last quarter.

JPMorgan Diversified Return Emerging Markets Equity ETF Stock Up 0.4%

JPEM stock opened at $61.26 on Tuesday. The company has a 50-day simple moving average of $60.26 and a 200 day simple moving average of $58.49. The company has a market capitalization of $367.56 million, a P/E ratio of 11.40 and a beta of 0.52. JPMorgan Diversified Return Emerging Markets Equity ETF has a fifty-two week low of $47.92 and a fifty-two week high of $62.52.

JPMorgan Diversified Return Emerging Markets Equity ETF Profile

The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.