JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sets New 52-Week High – Still a Buy?

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE)’s stock price hit a new 52-week high during trading on Saturday . The stock traded as high as $54.92 and last traded at $54.92, with a volume of 28602 shares. The stock had previously closed at $53.59.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Trading Up 2.5%

The business has a 50 day moving average price of $52.10 and a 200-day moving average price of $50.09. The company has a market cap of $557.44 million, a P/E ratio of 15.86 and a beta of 1.04.

Institutional Trading of JPMorgan Diversified Return U.S. Small Cap Equity ETF

A number of hedge funds have recently made changes to their positions in the business. Gallacher Capital Management LLC raised its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 17.6% in the 4th quarter. Gallacher Capital Management LLC now owns 16,064 shares of the company’s stock valued at $804,000 after acquiring an additional 2,402 shares during the period. Truist Financial Corp raised its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 15.2% in the 4th quarter. Truist Financial Corp now owns 124,526 shares of the company’s stock worth $6,236,000 after purchasing an additional 16,438 shares in the last quarter. Horizon Investments LLC raised its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 165.4% in the fourth quarter. Horizon Investments LLC now owns 1,290 shares of the company’s stock valued at $65,000 after buying an additional 804 shares in the last quarter. Capital Developers LLC acquired a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at $698,000. Finally, Caldwell Trust Co acquired a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at about $65,000.

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.