Modera Wealth Management LLC Trims Holdings in JPMorgan Diversified Return U.S. Equity ETF $JPUS

Modera Wealth Management LLC reduced its stake in JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) by 6.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 246,972 shares of the company’s stock after selling 17,590 shares during the quarter. Modera Wealth Management LLC owned 7.67% of JPMorgan Diversified Return U.S. Equity ETF worth $32,158,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Midwest Trust Co purchased a new stake in JPMorgan Diversified Return U.S. Equity ETF in the first quarter valued at approximately $267,000. Private Advisor Group LLC boosted its position in shares of JPMorgan Diversified Return U.S. Equity ETF by 5.1% during the first quarter. Private Advisor Group LLC now owns 12,252 shares of the company’s stock worth $1,595,000 after buying an additional 589 shares during the period. Patten Group Inc. boosted its position in shares of JPMorgan Diversified Return U.S. Equity ETF by 49.1% during the first quarter. Patten Group Inc. now owns 7,256 shares of the company’s stock worth $945,000 after buying an additional 2,391 shares during the period. Apella Capital LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the first quarter valued at $207,000. Finally, Sterneck Capital Management LLC grew its stake in shares of JPMorgan Diversified Return U.S. Equity ETF by 3.5% in the first quarter. Sterneck Capital Management LLC now owns 92,122 shares of the company’s stock valued at $11,995,000 after buying an additional 3,098 shares in the last quarter.

JPMorgan Diversified Return U.S. Equity ETF Trading Down 0.4%

JPUS opened at $141.10 on Friday. The stock’s 50-day moving average price is $138.46 and its 200 day moving average price is $134.24. JPMorgan Diversified Return U.S. Equity ETF has a 12-month low of $117.15 and a 12-month high of $142.43. The firm has a market cap of $451.52 million, a price-to-earnings ratio of 17.74 and a beta of 0.80.

About JPMorgan Diversified Return U.S. Equity ETF

The JPMorgan Diversified Return U.S. Equity ETF (JPUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US stocks selected from the Russell 1000 using relative value, momentum, and quality factors. The fund is weighted for equal risk contribution at the sector level and holdings are equal-weighted within sectors. JPUS was launched on Sep 29, 2015 and is managed by JPMorgan Chase.