Modern Wealth Management LLC Invests $2.52 Million in JPMorgan Diversified Return U.S. Mid Cap Equity ETF $JPME

Modern Wealth Management LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,930 shares of the company’s stock, valued at approximately $2,523,000. Modern Wealth Management LLC owned approximately 0.61% of JPMorgan Diversified Return U.S. Mid Cap Equity ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPME. Fifth Third Bancorp acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 1st quarter worth approximately $33,000. Farther Finance Advisors LLC grew its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 355.7% during the 4th quarter. Farther Finance Advisors LLC now owns 793 shares of the company’s stock worth $86,000 after purchasing an additional 619 shares during the last quarter. ProCore Advisors LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 4th quarter valued at approximately $226,000. Luts & Greenleigh Group Inc. increased its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 20.2% during the 4th quarter. Luts & Greenleigh Group Inc. now owns 2,459 shares of the company’s stock valued at $267,000 after purchasing an additional 413 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter valued at approximately $271,000.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Up 0.8%

NYSEARCA JPME opened at $125.75 on Friday. The company has a fifty day simple moving average of $123.30 and a two-hundred day simple moving average of $118.90. The stock has a market cap of $465.27 million, a P/E ratio of 17.00 and a beta of 0.88. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 12-month low of $102.91 and a 12-month high of $126.06.

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