JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sets New 1-Year High – Time to Buy?

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

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Up 1.4%

The company has a fifty day moving average price of $59.14 and a 200-day moving average price of $56.23. The stock has a market capitalization of $607.98 million, a P/E ratio of 15.86 and a beta of 0.98.

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

Several institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.5% during the 4th quarter. LPL Financial LLC now owns 900,097 shares of the company’s stock worth $45,071,000 after acquiring an additional 38,838 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.4% in the first quarter. Bank of America Corp DE now owns 610,879 shares of the company’s stock valued at $32,028,000 after purchasing an additional 25,608 shares in the last quarter. Hartford Financial Management Inc. grew its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the fourth quarter. Hartford Financial Management Inc. now owns 333,388 shares of the company’s stock valued at $16,694,000 after purchasing an additional 12,394 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter worth $15,540,000. Finally, Royal Bank of Canada increased its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.1% in the fourth quarter. Royal Bank of Canada now owns 308,209 shares of the company’s stock worth $15,434,000 after purchasing an additional 6,358 shares during the last quarter.

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.