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

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $51.32 and last traded at $51.6350, with a volume of 7155 shares trading hands. The stock had previously closed at $50.82.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Up 1.6%

The company has a market cap of $525.49 million, a P/E ratio of 15.86 and a beta of 1.04. The stock has a 50 day moving average price of $49.75 and a two-hundred day moving average price of $48.04.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Schmidt P J Investment Management Inc. raised its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.6% in the 1st quarter. Schmidt P J Investment Management Inc. now owns 22,798 shares of the company’s stock worth $994,000 after purchasing an additional 363 shares in the last quarter. Mendel Money Management increased its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 5.2% during the second quarter. Mendel Money Management now owns 9,961 shares of the company’s stock worth $453,000 after purchasing an additional 491 shares during the period. LWM Advisory Services LLC raised its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.9% in the third quarter. LWM Advisory Services LLC now owns 22,606 shares of the company’s stock valued at $1,126,000 after buying an additional 634 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 0.5% in the third quarter. Tocqueville Asset Management L.P. now owns 156,919 shares of the company’s stock valued at $7,816,000 after buying an additional 851 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the second quarter valued at approximately $43,000.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Company Profile

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.