JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sets New 12-Month High – What’s Next?

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.71 and last traded at $58.63, with a volume of 9668 shares trading hands. The stock had previously closed at $57.66.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Trading Up 0.9%

The business has a 50-day moving average price of $56.88 and a 200-day moving average price of $54.06. The stock has a market cap of $603.62 million, a PE ratio of 15.86 and a beta of 0.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Solutions Advisory Group Inc. purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 1st quarter valued at approximately $7,701,000. Ipsen Advisor Group LLC grew its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.3% in the 1st quarter. Ipsen Advisor Group LLC now owns 115,584 shares of the company’s stock valued at $6,060,000 after purchasing an additional 2,556 shares during the last quarter. Bank of America Corp DE grew its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.4% in the 1st quarter. Bank of America Corp DE now owns 610,879 shares of the company’s stock valued at $32,028,000 after purchasing an additional 25,608 shares during the last quarter. Modern Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 1st quarter valued at approximately $1,093,000. Finally, Cetera Investment Advisers grew its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.3% in the 1st quarter. Cetera Investment Advisers now owns 53,556 shares of the company’s stock valued at $2,808,000 after purchasing an additional 1,186 shares during the last quarter.

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.