JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) shares crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $56.58 and traded as low as $56.55. JPMorgan Dividend Leaders ETF shares last traded at $56.55, with a volume of 204 shares trading hands.

JPMorgan Dividend Leaders ETF Trading Down 0.1%

The company has a market cap of $12.44 million, a PE ratio of 19.40 and a beta of 0.64. The stock has a 50 day moving average price of $56.58 and a 200 day moving average price of $56.10.

Hedge Funds Weigh In On JPMorgan Dividend Leaders ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in JPMorgan Dividend Leaders ETF by 13.6% during the third quarter. Farther Finance Advisors LLC now owns 5,608 shares of the company’s stock valued at $316,000 after buying an additional 670 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of JPMorgan Dividend Leaders ETF during the 2nd quarter valued at $325,000. Finally, Citadel Advisors LLC grew its position in shares of JPMorgan Dividend Leaders ETF by 80.4% in the 2nd quarter. Citadel Advisors LLC now owns 18,133 shares of the company’s stock worth $1,022,000 after buying an additional 8,082 shares during the period.

About JPMorgan Dividend Leaders ETF

The JPMorgan U.S. Dividend ETF (JDIV) is an exchange-traded fund that is based on the JP Morgan US Dividend index. The fund tracks an index of US large-cap equities with higher dividend yields, weighted for greater exposure to sectors with high risk-adjusted dividend yields. JDIV was launched on Sep 25, 2024 and is issued by JPMorgan Chase.