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

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) hit a new 52-week high during trading on Thursday . The company traded as high as $61.15 and last traded at $61.15, with a volume of 3688 shares changing hands. The stock had previously closed at $60.67.

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

The stock has a market capitalization of $607.78 million, a PE ratio of 15.86 and a beta of 0.99. The company’s 50 day moving average price is $59.48 and its two-hundred day moving average price is $56.57.

Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

A number of large investors have recently made changes to their positions in JPSE. Horizon Investments LLC boosted its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 165.4% during the fourth quarter. Horizon Investments LLC now owns 1,290 shares of the company’s stock worth $65,000 after buying an additional 804 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter worth $65,000. N.E.W. Advisory Services LLC raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 714.9% during the 4th quarter. N.E.W. Advisory Services LLC now owns 2,852 shares of the company’s stock worth $143,000 after acquiring an additional 2,502 shares during the period. Trademark Financial Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 1st quarter worth $202,000. Finally, Money Concepts Capital Corp purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 1st quarter worth $223,000.

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

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.