JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Stock Price Up 0.6% – Still a Buy?

Shares of JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) were up 0.6% during mid-day trading on Wednesday . The company traded as high as $66.63 and last traded at $66.58. Approximately 12,044 shares were traded during trading, a decline of 47% from the average daily volume of 22,765 shares. The stock had previously closed at $66.17.

JPMorgan Diversified Return Emerging Markets Equity ETF Trading Up 0.7%

The company has a 50 day simple moving average of $64.55 and a 200-day simple moving average of $64.37. The stock has a market cap of $402.24 million, a price-to-earnings ratio of 11.40 and a beta of 0.47.

Institutional Investors Weigh In On JPMorgan Diversified Return Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JPEM. Strategic Financial Concepts LLC grew its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 560.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 30,551 shares of the company’s stock valued at $1,855,000 after acquiring an additional 25,924 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the fourth quarter valued at approximately $1,745,000. Avantax Planning Partners Inc. boosted its position in JPMorgan Diversified Return Emerging Markets Equity ETF by 0.9% during the first quarter. Avantax Planning Partners Inc. now owns 123,594 shares of the company’s stock valued at $7,678,000 after purchasing an additional 1,049 shares during the last quarter. BKM Wealth Management LLC grew its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 5.0% in the first quarter. BKM Wealth Management LLC now owns 31,826 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. acquired a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the 1st quarter worth approximately $53,000.

About JPMorgan Diversified Return Emerging Markets Equity ETF

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.