JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Trading Down 2.4% – Here’s Why

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

JPMorgan Dividend Leaders ETF Trading Down 2.4%

The company has a market capitalization of $11.10 million, a price-to-earnings ratio of 20.22 and a beta of 0.65. The stock’s fifty day simple moving average is $55.25 and its 200-day simple moving average is $54.75.

Institutional Investors Weigh In On JPMorgan Dividend Leaders ETF

An institutional investor recently raised its position in JPMorgan Dividend Leaders ETF stock. Benjamin Edwards Inc. grew its position in JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,072 shares of the company’s stock after purchasing an additional 1,279 shares during the quarter. Benjamin Edwards Inc. owned approximately 14.05% of JPMorgan Dividend Leaders ETF worth $1,090,000 at the end of the most recent reporting period.

JPMorgan Dividend Leaders ETF Company Profile

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.