JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Reaches New 52-Week High – What’s Next?

Shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) hit a new 52-week high on Tuesday . The stock traded as high as $60.64 and last traded at $60.64, with a volume of 3005 shares. The stock had previously closed at $60.09.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Performance

The firm has a market capitalization of $601.39 million, a price-to-earnings ratio of 15.86 and a beta of 0.99. The business has a fifty day moving average price of $59.23 and a 200 day moving average price of $56.33.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

A number of hedge funds have recently made changes to their positions in JPSE. Hartford Financial Management Inc. boosted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the 4th quarter. Hartford Financial Management Inc. now owns 333,388 shares of the company’s stock worth $16,694,000 after acquiring an additional 12,394 shares during the period. Capital Developers LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the fourth quarter worth $698,000. Aprio Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at $15,540,000. Cary Street Partners Financial LLC acquired a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter valued at $519,000. Finally, Truist Financial Corp increased its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 15.2% during the 4th quarter. Truist Financial Corp now owns 124,526 shares of the company’s stock worth $6,236,000 after buying an additional 16,438 shares during the period.

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.