Diversified Return International Equity ETF (NYSEARCA:JPIN) Stock Price Up 1.4% – Should You Buy?

Diversified Return International Equity ETF (NYSEARCA:JPIN) shot up 1.4% on Monday . The company traded as high as $57.12 and last traded at $56.91. 9,861 shares were traded during mid-day trading, a decline of 53% from the average session volume of 21,052 shares. The stock had previously closed at $56.10.

Diversified Return International Equity ETF Price Performance

The firm has a market capitalization of $309.37 million, a price-to-earnings ratio of 12.59 and a beta of 0.73. The stock has a fifty day moving average of $56.77 and a two-hundred day moving average of $56.27.

Institutional Trading of Diversified Return International Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JPIN. Farther Finance Advisors LLC lifted its stake in shares of Diversified Return International Equity ETF by 17.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,319 shares of the company’s stock valued at $71,000 after purchasing an additional 194 shares during the period. American Trust bought a new position in Diversified Return International Equity ETF during the fourth quarter worth $257,000. MN Wealth Advisors LLC grew its holdings in Diversified Return International Equity ETF by 11.9% in the fourth quarter. MN Wealth Advisors LLC now owns 7,555 shares of the company’s stock worth $405,000 after purchasing an additional 805 shares during the period. JPMorgan Chase & Co. grew its holdings in Diversified Return International Equity ETF by 18.8% in the fourth quarter. JPMorgan Chase & Co. now owns 115,073 shares of the company’s stock worth $6,163,000 after purchasing an additional 18,194 shares during the period. Finally, Captrust Financial Advisors increased its stake in Diversified Return International Equity ETF by 8.4% in the fourth quarter. Captrust Financial Advisors now owns 156,890 shares of the company’s stock valued at $8,403,000 after purchasing an additional 12,092 shares in the last quarter.

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.