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) shares hit a new 52-week high on Wednesday . The stock traded as high as $58.71 and last traded at $58.59, with a volume of 2195 shares trading hands. The stock had previously closed at $58.52.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Down 0.8%

The stock has a market cap of $587.58 million, a P/E ratio of 15.86 and a beta of 1.01. The firm’s 50-day moving average is $55.55 and its two-hundred day moving average is $53.38.

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

A number of institutional investors have recently modified their holdings of JPSE. Ameriprise Financial Inc. raised its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 130,614 shares of the company’s stock valued at $5,945,000 after purchasing an additional 4,853 shares during the period. Bank of America Corp DE raised its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.4% in the second quarter. Bank of America Corp DE now owns 571,912 shares of the company’s stock valued at $26,015,000 after purchasing an additional 7,723 shares during the period. MML Investors Services LLC raised its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 10.7% in the second quarter. MML Investors Services LLC now owns 36,179 shares of the company’s stock valued at $1,646,000 after purchasing an additional 3,491 shares during the period. Truist Financial Corp bought a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the third quarter valued at approximately $5,384,000. Finally, Jones Financial Companies Lllp raised its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 11.1% in the third quarter. Jones Financial Companies Lllp now owns 91,231 shares of the company’s stock valued at $4,550,000 after purchasing an additional 9,093 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.