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

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $57.82 and last traded at $57.82, with a volume of 1166 shares. The stock had previously closed at $57.75.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Price Performance

The company has a market cap of $580.38 million, a price-to-earnings ratio of 15.86 and a beta of 1.01. The business’s fifty day moving average price is $54.14 and its 200 day moving average price is $52.40.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Pacific Financial lifted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 0.4% in the first quarter. First Pacific Financial now owns 71,943 shares of the company’s stock valued at $3,772,000 after buying an additional 286 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 6.0% in the first quarter. Kestra Private Wealth Services LLC now owns 6,396 shares of the company’s stock valued at $335,000 after buying an additional 362 shares during the period. LWM Advisory Services LLC lifted its holdings in 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 during the period. KWB Wealth lifted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.4% in the fourth quarter. KWB Wealth now owns 27,329 shares of the company’s stock valued at $1,368,000 after buying an additional 647 shares during the period. Finally, Lodestone Wealth Management LLC acquired a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at $33,000.

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. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.