JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Trading Down 2.4% – What’s Next?

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) dropped 2.4% on Friday . The company traded as low as $55.50 and last traded at $55.50. Approximately 1,233 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 1,317 shares. The stock had previously closed at $56.87.

JPMorgan Dividend Leaders ETF Stock Performance

The company has a 50 day moving average of $55.25 and a 200-day moving average of $54.75. The stock has a market cap of $11.10 million, a price-to-earnings ratio of 20.22 and a beta of 0.65.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in JPMorgan Dividend Leaders ETF stock. Benjamin Edwards Inc. increased its holdings in shares of JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,072 shares of the company’s stock after buying an additional 1,279 shares during the period. Benjamin Edwards Inc. owned about 14.05% of JPMorgan Dividend Leaders ETF worth $1,090,000 at the end of the most recent quarter.

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.