JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM – Get Free Report)’s share price traded down 1.3% on Wednesday. The stock traded as low as $64.59 and last traded at $64.63. Approximately 36,283 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 22,270 shares. The stock had previously closed at $65.50.
JPMorgan Diversified Return Emerging Markets Equity ETF Stock Performance
The company has a 50 day moving average price of $65.47 and a two-hundred day moving average price of $64.42. The firm has a market capitalization of $380.14 million, a price-to-earnings ratio of 11.40 and a beta of 0.47.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of JPEM. Richards Merrill & Peterson Inc. purchased a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF in the first quarter valued at approximately $53,000. Western Wealth Management LLC purchased a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF during the 1st quarter worth approximately $178,000. Assetmark Inc. acquired a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the first quarter worth $194,000. Signet Financial Management LLC grew its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 13.7% in the first quarter. Signet Financial Management LLC now owns 21,467 shares of the company’s stock worth $1,334,000 after acquiring an additional 2,586 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 7.5% during the first quarter. Royal Bank of Canada now owns 25,849 shares of the company’s stock worth $1,606,000 after acquiring an additional 1,803 shares during the period.
About JPMorgan Diversified Return Emerging Markets Equity ETF
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.
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