JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sees Strong Trading Volume – Still a Buy?

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) shares saw unusually-high trading volume on Friday . Approximately 18,936 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 21,192 shares.The stock last traded at $54.47 and had previously closed at $53.93.

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

The firm’s 50-day moving average price is $52.01 and its 200 day moving average price is $50.03. The firm has a market capitalization of $555.97 million, a price-to-earnings ratio of 15.86 and a beta of 1.04.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Family Capital Management Inc. grew its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 5.0% during the 2nd quarter. Family Capital Management Inc. now owns 50,328 shares of the company’s stock valued at $2,289,000 after purchasing an additional 2,404 shares in the last quarter. Hartford Financial Management Inc. lifted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 97.7% in the second quarter. Hartford Financial Management Inc. now owns 315,333 shares of the company’s stock worth $14,344,000 after acquiring an additional 155,815 shares in the last quarter. Schmidt P J Investment Management Inc. boosted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the second quarter. Schmidt P J Investment Management Inc. now owns 23,697 shares of the company’s stock valued at $1,078,000 after purchasing an additional 899 shares during the last quarter. Mendel Money Management grew its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 5.2% during the 2nd quarter. Mendel Money Management now owns 9,961 shares of the company’s stock valued at $453,000 after purchasing an additional 491 shares in the last quarter. Finally, Ipsen Advisor Group LLC increased its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% during the 2nd quarter. Ipsen Advisor Group LLC now owns 111,067 shares of the company’s stock worth $5,052,000 after purchasing an additional 4,120 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.