JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Stock Price Down 0.1% – Here’s Why

Shares of JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) dropped 0.1% during mid-day trading on Monday . The company traded as low as $75.82 and last traded at $75.97. Approximately 8,384 shares traded hands during trading, a decline of 71% from the average daily volume of 28,502 shares. The stock had previously closed at $76.07.

JPMorgan Diversified Return International Equity ETF Price Performance

The stock has a 50 day moving average of $71.21 and a two-hundred day moving average of $68.51. The stock has a market capitalization of $379.85 million, a PE ratio of 12.60 and a beta of 0.73.

Institutional Investors Weigh In On JPMorgan Diversified Return International Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in JPMorgan Diversified Return International Equity ETF in the 3rd quarter valued at approximately $29,000. Horizon Investments LLC acquired a new position in shares of JPMorgan Diversified Return International Equity ETF during the 4th quarter worth $33,000. Eagle Bay Advisors LLC purchased a new stake in shares of JPMorgan Diversified Return International Equity ETF in the 4th quarter worth about $36,000. International Assets Investment Management LLC acquired a new stake in JPMorgan Diversified Return International Equity ETF in the 4th quarter valued at about $37,000. Finally, Total Investment Management Inc. purchased a new position in JPMorgan Diversified Return International Equity ETF during the 2nd quarter valued at about $46,000.

About JPMorgan Diversified Return International Equity ETF

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.