Diversified Return International Equity ETF (NYSEARCA:JPIN) Trading Down 1.5% – Time to Sell?

Diversified Return International Equity ETF (NYSEARCA:JPIN)’s stock price dropped 1.5% during trading on Monday . The stock traded as low as $57.12 and last traded at $57.45. Approximately 17,780 shares were traded during trading, a decline of 8% from the average daily volume of 19,366 shares. The stock had previously closed at $58.35.

Diversified Return International Equity ETF Stock Up 0.4 %

The company’s 50 day moving average price is $55.50 and its 200 day moving average price is $56.74. The firm has a market capitalization of $322.45 million, a price-to-earnings ratio of 13.51 and a beta of 0.80.

Institutional Investors Weigh In On Diversified Return International Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in JPIN. JPMorgan Chase & Co. lifted its stake in shares of Diversified Return International Equity ETF by 18.8% during the fourth quarter. JPMorgan Chase & Co. now owns 115,073 shares of the company’s stock worth $6,163,000 after buying an additional 18,194 shares during the period. Captrust Financial Advisors lifted its position in Diversified Return International Equity ETF by 8.4% during 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 during the period. American Trust acquired a new position in Diversified Return International Equity ETF during the fourth quarter valued at $257,000. MN Wealth Advisors LLC lifted its position in Diversified Return International Equity ETF by 11.9% during the fourth quarter. MN Wealth Advisors LLC now owns 7,555 shares of the company’s stock valued at $405,000 after purchasing an additional 805 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Diversified Return International Equity ETF by 17.2% during the fourth 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.

About Diversified Return International Equity ETF

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.