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

Shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) reached a new 52-week high on Wednesday . The stock traded as high as $60.30 and last traded at $60.17, with a volume of 31212 shares traded. The stock had previously closed at $59.95.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Trading Up 0.4%

The stock has a market cap of $610.73 million, a price-to-earnings ratio of 15.86 and a beta of 0.99. The firm has a fifty day simple moving average of $58.04 and a 200-day simple moving average of $54.84.

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

Several large investors have recently made changes to their positions in JPSE. Hartford Financial Management Inc. raised its holdings 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 purchasing an additional 12,394 shares during the last quarter. Capital Developers LLC bought a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at about $698,000. Sprinkle Financial Consultants LLC boosted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 12.2% in the 4th quarter. Sprinkle Financial Consultants LLC now owns 149,867 shares of the company’s stock valued at $7,504,000 after purchasing an additional 16,321 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at about $519,000. Finally, Aprio Wealth Management LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter worth approximately $15,540,000.

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.