JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Reaches New 52-Week 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 mid-day trading on Wednesday . The company traded as high as $58.71 and last traded at $58.59, with a volume of 2195 shares traded. The stock had previously closed at $58.52.

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

The stock has a market capitalization of $594.08 million, a P/E ratio of 15.86 and a beta of 1.01. The stock’s fifty day moving average is $55.31 and its 200-day moving average is $53.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.5% during the 4th quarter. LPL Financial LLC now owns 900,097 shares of the company’s stock worth $45,071,000 after acquiring an additional 38,838 shares during the last quarter. Bank of America Corp DE lifted its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.4% during the 1st quarter. Bank of America Corp DE now owns 610,879 shares of the company’s stock worth $32,028,000 after acquiring an additional 25,608 shares during the last quarter. Hartford Financial Management Inc. lifted its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% during the 4th quarter. Hartford Financial Management Inc. now owns 333,388 shares of the company’s stock worth $16,694,000 after acquiring an additional 12,394 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter worth $15,540,000. Finally, Royal Bank of Canada lifted its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.1% during the 4th quarter. Royal Bank of Canada now owns 308,209 shares of the company’s stock worth $15,434,000 after acquiring an additional 6,358 shares during the last quarter.

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.