Independent Financial Group LLC Makes New Investment in JPMorgan Diversified Return U.S. Small Cap Equity ETF $JPSE

Independent Financial Group LLC bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 12,928 shares of the company’s stock, valued at approximately $678,000. Independent Financial Group LLC owned about 0.13% of JPMorgan Diversified Return U.S. Small Cap Equity ETF as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JPSE. Ameriprise Financial Inc. grew its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 130,614 shares of the company’s stock worth $5,945,000 after acquiring an additional 4,853 shares in the last quarter. Bank of America Corp DE raised its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.4% during the second quarter. Bank of America Corp DE now owns 571,912 shares of the company’s stock valued at $26,015,000 after purchasing an additional 7,723 shares during the period. MML Investors Services LLC raised its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 10.7% during the second quarter. MML Investors Services LLC now owns 36,179 shares of the company’s stock valued at $1,646,000 after purchasing an additional 3,491 shares during the period. Tocqueville Asset Management L.P. lifted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 0.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 156,919 shares of the company’s stock valued at $7,816,000 after purchasing an additional 851 shares during the last quarter. Finally, Compass Capital Management Inc. bought a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 3rd quarter valued at approximately $606,000.

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

Shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF stock opened at $59.76 on Thursday. The stock has a market cap of $596.40 million, a price-to-earnings ratio of 15.86 and a beta of 0.98. The stock has a 50 day moving average price of $58.75 and a 200-day moving average price of $55.81. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a one year low of $44.85 and a one year high of $60.59.

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