JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sets New 12-Month High – Still a Buy?

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $58.71 and last traded at $58.63, with a volume of 9668 shares trading hands. The stock had previously closed at $57.66.

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

The stock’s 50 day moving average price is $56.61 and its two-hundred day moving average price is $53.95. The firm has a market capitalization of $596.52 million, a price-to-earnings ratio of 15.86 and a beta of 0.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Lodestone Wealth Management LLC bought a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter worth about $33,000. Private Wealth Management Group LLC bought a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter valued at approximately $63,000. Caldwell Trust Co acquired a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at approximately $65,000. Horizon Investments LLC grew its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 165.4% in the 4th quarter. Horizon Investments LLC now owns 1,290 shares of the company’s stock valued at $65,000 after buying an additional 804 shares during the last quarter. Finally, N.E.W. Advisory Services LLC grew its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 714.9% in the 4th quarter. N.E.W. Advisory Services LLC now owns 2,852 shares of the company’s stock valued at $143,000 after buying an additional 2,502 shares during the last quarter.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Company Profile

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.