JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Trading Down 0.8% – Time to Sell?

JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) shares were down 0.8% during trading on Monday . The company traded as low as $72.72 and last traded at $72.77. 3,459 shares traded hands during trading, a decline of 80% from the average session volume of 17,309 shares. The stock had previously closed at $73.36.

JPMorgan Diversified Return International Equity ETF Trading Up 0.6%

The company has a 50-day moving average price of $73.78 and a two-hundred day moving average price of $72.76. The stock has a market capitalization of $361.57 million, a P/E ratio of 12.60 and a beta of 0.67.

Institutional Investors Weigh In On JPMorgan Diversified Return International Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. TBH Global Asset Management LLC bought a new stake in JPMorgan Diversified Return International Equity ETF in the 4th quarter valued at about $6,733,000. Sherman Wealth Management LLC acquired a new stake in JPMorgan Diversified Return International Equity ETF in the fourth quarter valued at approximately $1,180,000. Financially in Tune LLC bought a new stake in shares of JPMorgan Diversified Return International Equity ETF during the fourth quarter valued at approximately $1,254,000. Comerica Bank increased its holdings in shares of JPMorgan Diversified Return International Equity ETF by 4.2% during the fourth quarter. Comerica Bank now owns 5,607 shares of the company’s stock valued at $382,000 after acquiring an additional 226 shares in the last quarter. Finally, Mendel Money Management raised its position in shares of JPMorgan Diversified Return International Equity ETF by 52.2% during the fourth quarter. Mendel Money Management now owns 12,482 shares of the company’s stock worth $851,000 after purchasing an additional 4,279 shares during the period.

JPMorgan Diversified Return International Equity ETF Company Profile

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.