JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Stock Price Down 1.1% – What’s Next?

JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN)’s share price fell 1.1% during trading on Thursday. The stock traded as low as $72.69 and last traded at $73.01. Approximately 13,746 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 15,434 shares. The stock had previously closed at $73.81.

JPMorgan Diversified Return International Equity ETF Price Performance

The company has a market cap of $372.35 million, a P/E ratio of 12.60 and a beta of 0.68. The stock has a fifty day moving average price of $76.02 and a two-hundred day moving average price of $74.21.

Hedge Funds Weigh In On JPMorgan Diversified Return International Equity ETF

Several large investors have recently bought and sold shares of the stock. MCF Advisors LLC bought a new stake in shares of JPMorgan Diversified Return International Equity ETF in the 2nd quarter worth $2,940,000. Financially in Tune LLC bought a new position in shares of JPMorgan Diversified Return International Equity ETF during the fourth quarter valued at about $1,254,000. Fifth Third Bancorp purchased a new position in JPMorgan Diversified Return International Equity ETF during the first quarter worth about $399,000. Quantinno Capital Management LP boosted its holdings in JPMorgan Diversified Return International Equity ETF by 45.5% during the first quarter. Quantinno Capital Management LP now owns 17,350 shares of the company’s stock worth $1,236,000 after purchasing an additional 5,427 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in JPMorgan Diversified Return International Equity ETF by 37.1% in the 2nd quarter. NewEdge Advisors LLC now owns 14,478 shares of the company’s stock worth $1,047,000 after purchasing an additional 3,919 shares in the last quarter.

About JPMorgan Diversified Return International Equity ETF

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.