JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Stock Price Down 1.5% – Should You Sell?

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME)’s stock price dropped 1.5% on Friday . The company traded as low as $118.49 and last traded at $118.50. Approximately 5,507 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 13,236 shares. The stock had previously closed at $120.28.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Down 1.5%

The business has a 50-day simple moving average of $117.45 and a two-hundred day simple moving average of $113.68. The stock has a market capitalization of $426.60 million, a P/E ratio of 17.00 and a beta of 0.89.

Institutional Trading of JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Large investors have recently made changes to their positions in the business. Empirical Asset Management LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the third quarter worth $1,070,000. N.E.W. Advisory Services LLC grew its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 825.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 7,711 shares of the company’s stock worth $838,000 after purchasing an additional 6,878 shares during the last quarter. Cassilly Financial Group LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the fourth quarter worth $1,666,000. Jones Financial Companies Lllp grew its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 46.5% during the third quarter. Jones Financial Companies Lllp now owns 96,016 shares of the company’s stock worth $10,371,000 after purchasing an additional 30,474 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 6.4% during the third quarter. HighTower Advisors LLC now owns 313,601 shares of the company’s stock worth $34,009,000 after purchasing an additional 18,997 shares during the last quarter.

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

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.