JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Trading 0.6% Higher – Should You Buy?

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) shares were up 0.6% during trading on Wednesday . The company traded as high as $66.63 and last traded at $66.58. Approximately 12,044 shares changed hands during trading, a decline of 47% from the average daily volume of 22,765 shares. The stock had previously closed at $66.17.

JPMorgan Diversified Return Emerging Markets Equity ETF Stock Up 0.6%

The business’s 50 day moving average is $64.46 and its two-hundred day moving average is $64.36. The firm has a market capitalization of $399.48 million, a P/E ratio of 11.40 and a beta of 0.47.

Hedge Funds Weigh In On JPMorgan Diversified Return Emerging Markets Equity ETF

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 52.4% during the 3rd quarter. Bank of America Corp DE now owns 323,089 shares of the company’s stock worth $19,061,000 after buying an additional 111,074 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 1,848.5% in the second quarter. Marshall Wace LLP now owns 87,740 shares of the company’s stock valued at $4,949,000 after acquiring an additional 83,237 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the fourth quarter valued at approximately $1,745,000. Strategic Financial Concepts LLC increased its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 560.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 30,551 shares of the company’s stock valued at $1,855,000 after acquiring an additional 25,924 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 114,207 shares of the company’s stock valued at $6,936,000 after acquiring an additional 24,838 shares during the period.

JPMorgan Diversified Return Emerging Markets Equity ETF Company Profile

The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.