JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Trading 0.5% Higher – Here’s What Happened

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME)’s stock price traded up 0.5% during mid-day trading on Monday . The stock traded as high as $107.89 and last traded at $107.58. 8,851 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 14,639 shares. The stock had previously closed at $107.02.

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

The business has a 50 day moving average of $107.77 and a 200 day moving average of $105.03. The firm has a market capitalization of $371.15 million, a price-to-earnings ratio of 17.00 and a beta of 0.95.

Institutional Trading of JPMorgan Diversified Return U.S. Mid Cap Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,875 shares of the company’s stock valued at $993,000 after acquiring an additional 133 shares during the period. Private Advisor Group LLC raised its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.6% in the first quarter. Private Advisor Group LLC now owns 17,131 shares of the company’s stock worth $1,723,000 after purchasing an additional 438 shares during the period. Journey Strategic Wealth LLC boosted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.6% during the first quarter. Journey Strategic Wealth LLC now owns 10,401 shares of the company’s stock worth $1,046,000 after purchasing an additional 264 shares in the last quarter. Assetmark Inc. boosted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 1,400.0% during the first quarter. Assetmark Inc. now owns 540 shares of the company’s stock worth $54,000 after purchasing an additional 504 shares in the last quarter. Finally, N.E.W. Advisory Services LLC grew its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 106.3% in the 1st quarter. N.E.W. Advisory Services LLC now owns 85,676 shares of the company’s stock valued at $8,617,000 after buying an additional 44,149 shares during the period.

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.