Kelly Financial Group LLC Increases Position in JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS)

Kelly Financial Group LLC grew its holdings in JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) by 103.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,127 shares of the company’s stock after acquiring an additional 2,102 shares during the quarter. Kelly Financial Group LLC’s holdings in JPMorgan Diversified Return U.S. Equity ETF were worth $475,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in JPUS. Ameriflex Group Inc. purchased a new position in JPMorgan Diversified Return U.S. Equity ETF during the fourth quarter worth about $44,000. Private Trust Co. NA raised its holdings in JPMorgan Diversified Return U.S. Equity ETF by 1,530.8% during the fourth quarter. Private Trust Co. NA now owns 636 shares of the company’s stock worth $73,000 after purchasing an additional 597 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in JPMorgan Diversified Return U.S. Equity ETF by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 3,461 shares of the company’s stock worth $395,000 after purchasing an additional 144 shares in the last quarter. HighTower Advisors LLC raised its holdings in JPMorgan Diversified Return U.S. Equity ETF by 2.8% during the fourth quarter. HighTower Advisors LLC now owns 3,548 shares of the company’s stock worth $405,000 after purchasing an additional 97 shares in the last quarter. Finally, Patten Group Inc. raised its holdings in JPMorgan Diversified Return U.S. Equity ETF by 18.2% during the fourth quarter. Patten Group Inc. now owns 3,764 shares of the company’s stock worth $430,000 after purchasing an additional 580 shares in the last quarter.

JPMorgan Diversified Return U.S. Equity ETF Stock Down 1.0%

NYSEARCA JPUS opened at $116.29 on Friday. The stock has a market capitalization of $366.31 million, a P/E ratio of 17.06 and a beta of 0.89. JPMorgan Diversified Return U.S. Equity ETF has a 52-week low of $101.63 and a 52-week high of $124.10. The firm has a 50-day moving average price of $113.41 and a 200 day moving average price of $115.40.

About JPMorgan Diversified Return U.S. Equity ETF

The JPMorgan Diversified Return U.S. Equity ETF (JPUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US stocks selected from the Russell 1000 using relative value, momentum, and quality factors. The fund is weighted for equal risk contribution at the sector level and holdings are equal-weighted within sectors.