JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Trading Up 0.5% – Still a Buy?

Shares of JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) shot up 0.5% on Monday . The stock traded as high as $63.83 and last traded at $63.40. Approximately 12,880 shares were traded during mid-day trading, a decline of 48% from the average session volume of 24,858 shares. The stock had previously closed at $63.07.

JPMorgan Diversified Return Emerging Markets Equity ETF Stock Up 0.4%

The business has a fifty day simple moving average of $63.93 and a 200-day simple moving average of $64.04. The firm has a market cap of $384.96 million, a P/E ratio of 11.40 and a beta of 0.47.

Institutional Trading of JPMorgan Diversified Return Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Edge Financial Advisors LLC grew its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 0.9% in the 4th quarter. Edge Financial Advisors LLC now owns 18,717 shares of the company’s stock worth $1,137,000 after buying an additional 166 shares during the last quarter. Equitable Holdings Inc. raised its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 4.5% during the third quarter. Equitable Holdings Inc. now owns 7,672 shares of the company’s stock valued at $453,000 after buying an additional 328 shares during the last quarter. Tiemann Investment Advisors LLC boosted its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF by 1.0% in the fourth quarter. Tiemann Investment Advisors LLC now owns 37,457 shares of the company’s stock worth $2,275,000 after acquiring an additional 365 shares in the last quarter. LOM Asset Management Ltd boosted its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF by 15.1% in the fourth quarter. LOM Asset Management Ltd now owns 3,055 shares of the company’s stock worth $186,000 after acquiring an additional 400 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF by 475.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 475 shares in the last quarter.

About JPMorgan Diversified Return Emerging Markets Equity ETF

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.