KWB Wealth Acquires 143,583 Shares of JPMorgan Diversified Return Emerging Markets Equity ETF $JPEM

KWB Wealth bought a new stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 143,583 shares of the company’s stock, valued at approximately $9,090,000. KWB Wealth owned 2.43% of JPMorgan Diversified Return Emerging Markets Equity ETF at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JPEM. Richards Merrill & Peterson Inc. bought a new position in JPMorgan Diversified Return Emerging Markets Equity ETF in the first quarter worth approximately $53,000. Focus Financial Network Inc. raised its position in JPMorgan Diversified Return Emerging Markets Equity ETF by 3.5% during the 2nd quarter. Focus Financial Network Inc. now owns 27,875 shares of the company’s stock valued at $1,750,000 after purchasing an additional 936 shares in the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 0.9% in the 1st quarter. Avantax Planning Partners Inc. now owns 123,594 shares of the company’s stock worth $7,678,000 after buying an additional 1,049 shares during the period. BKM Wealth Management LLC lifted its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 5.0% in the 1st quarter. BKM Wealth Management LLC now owns 31,826 shares of the company’s stock worth $1,977,000 after buying an additional 1,520 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 7.5% in the 1st quarter. Royal Bank of Canada now owns 25,849 shares of the company’s stock worth $1,606,000 after buying an additional 1,803 shares during the period.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

NYSEARCA JPEM traded down $0.28 during trading on Friday, reaching $64.00. 8,491 shares of the company’s stock traded hands, compared to its average volume of 21,423. JPMorgan Diversified Return Emerging Markets Equity ETF has a 12-month low of $58.97 and a 12-month high of $67.53. The firm has a market cap of $377.60 million, a price-to-earnings ratio of 11.40 and a beta of 0.47. The company’s 50 day simple moving average is $65.34 and its two-hundred day simple moving average is $64.64.

JPMorgan Diversified Return Emerging Markets Equity ETF Profile

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.