JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Shares Up 0.4% – Time to Buy?

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME)’s stock price rose 0.4% during trading on Monday. The stock traded as high as $121.39 and last traded at $120.98. Approximately 6,376 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 12,437 shares. The stock had previously closed at $120.47.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Up 0.4%

The firm’s 50-day moving average price is $125.35 and its two-hundred day moving average price is $122.51. The stock has a market cap of $471.82 million, a PE ratio of 17.00 and a beta of 0.88.

Institutional Trading of JPMorgan Diversified Return U.S. Mid Cap Equity ETF

A number of hedge funds have recently bought and sold shares of JPME. Appleton Partners Inc. MA increased its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 0.9% in the 1st quarter. Appleton Partners Inc. MA now owns 92,579 shares of the company’s stock valued at $10,603,000 after acquiring an additional 837 shares during the period. Royal Bank of Canada boosted its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% during the first quarter. Royal Bank of Canada now owns 54,599 shares of the company’s stock valued at $6,253,000 after purchasing an additional 1,081 shares in the last quarter. Modern Wealth Management LLC bought a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter valued at about $2,523,000. KWB Wealth grew its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 4.1% in the second quarter. KWB Wealth now owns 20,296 shares of the company’s stock valued at $2,521,000 after purchasing an additional 792 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 1.1% in the first quarter. Private Advisor Group LLC now owns 19,227 shares of the company’s stock valued at $2,202,000 after purchasing an additional 212 shares during the last quarter.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Company Profile

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of mid-cap US stocks selected using relative value, momentum and quality factors, and for equal risk contribution by sector. JPME was launched on May 11, 2016 and is managed by JPMorgan Chase.