JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Shares Up 0.4% – Still a Buy?

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) traded up 0.4% during trading on Wednesday . The company traded as high as $129.18 and last traded at $128.34. 10,439 shares changed hands during trading, a decline of 16% from the average session volume of 12,369 shares. The stock had previously closed at $127.82.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Performance

The company has a 50-day moving average of $125.42 and a 200-day moving average of $120.83. The firm has a market capitalization of $474.86 million, a price-to-earnings ratio of 17.00 and a beta of 0.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JPME. N.E.W. Advisory Services LLC raised its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 825.7% in the 4th quarter. N.E.W. Advisory Services LLC now owns 7,711 shares of the company’s stock valued at $838,000 after purchasing an additional 6,878 shares during the period. Entelevest LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the fourth quarter worth about $483,000. Empirical Asset Management LLC grew its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 63.9% during the fourth quarter. Empirical Asset Management LLC now owns 16,177 shares of the company’s stock worth $1,758,000 after buying an additional 6,306 shares in the last quarter. HighTower Advisors LLC raised its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% in the 4th quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock valued at $36,789,000 after buying an additional 24,973 shares during the last quarter. Finally, McLaughlin Asset Management Inc. acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 4th quarter valued at approximately $448,000.

About JPMorgan Diversified Return U.S. Mid Cap Equity ETF

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of mid-cap US stocks selected using relative value, momentum and quality factors, and for equal risk contribution by sector. JPME was launched on May 11, 2016 and is managed by JPMorgan Chase.