JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sees Large Volume Increase – Time to Buy?

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) shares saw an uptick in trading volume on Wednesday . 54,834 shares changed hands during mid-day trading, an increase of 97% from the previous session’s volume of 27,791 shares.The stock last traded at $59.45 and had previously closed at $59.10.

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

The company has a market cap of $602.40 million, a price-to-earnings ratio of 15.86 and a beta of 0.99. The business’s 50 day moving average price is $57.13 and its 200-day moving average price is $54.22.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

Hedge funds have recently made changes to their positions in the business. Lodestone Wealth Management LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at $33,000. Private Wealth Management Group LLC bought a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at $63,000. Horizon Investments LLC grew its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 165.4% in the fourth quarter. Horizon Investments LLC now owns 1,290 shares of the company’s stock valued at $65,000 after acquiring an additional 804 shares during the period. Caldwell Trust Co bought a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at $65,000. Finally, N.E.W. Advisory Services LLC grew its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 714.9% in the fourth quarter. N.E.W. Advisory Services LLC now owns 2,852 shares of the company’s stock valued at $143,000 after acquiring an additional 2,502 shares during the period.

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

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.