JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Trading 0.1% Higher – Time to Buy?

JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN)’s share price shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $73.81 and last traded at $73.12. 9,042 shares traded hands during trading, a decline of 50% from the average session volume of 18,247 shares. The stock had previously closed at $73.08.

JPMorgan Diversified Return International Equity ETF Stock Performance

The stock’s 50-day moving average price is $73.87 and its 200-day moving average price is $72.00. The company has a market capitalization of $365.34 million, a price-to-earnings ratio of 12.60 and a beta of 0.67.

Institutional Trading of JPMorgan Diversified Return International Equity ETF

Several large investors have recently modified their holdings of the business. Quantinno Capital Management LP grew its position in shares of JPMorgan Diversified Return International Equity ETF by 45.5% in the first quarter. Quantinno Capital Management LP now owns 17,350 shares of the company’s stock valued at $1,236,000 after purchasing an additional 5,427 shares during the last quarter. Fifth Third Bancorp purchased a new position in JPMorgan Diversified Return International Equity ETF during the first quarter worth approximately $399,000. Sterneck Capital Management LLC raised its stake in shares of JPMorgan Diversified Return International Equity ETF by 1.9% in the 1st quarter. Sterneck Capital Management LLC now owns 172,204 shares of the company’s stock valued at $12,268,000 after acquiring an additional 3,148 shares during the period. Financially in Tune LLC acquired a new stake in JPMorgan Diversified Return International Equity ETF during the 4th quarter valued at $1,254,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in JPMorgan Diversified Return International Equity ETF by 1.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,923 shares of the company’s stock valued at $1,085,000 after purchasing an additional 165 shares in the last quarter.

About JPMorgan Diversified Return International Equity ETF

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.